Bitcoin remained oscillating around 26105, and Bitcoin miners are entering new business areas, including providing high-performance computing (HPC) services for the fast-growing artificial intelligence (AI) market to reduce dependence on cryptocurrencies.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low level is fluctuating within a narrow range, and the market is shrouded in bearish sentiment. In the short term, it will continue to remain low and weak, the MACD indicator is in the short zone, and the RSI indicator is at the bottom and weak;
Resistance level: 26560 26853
Support level: 25815 25555
Trading strategy: bearish below 26250, target 25815 25555
Alternative strategy: call above 26250, target 26560 26853