Bitcoin kept fluctuating around 19959. According to the data of coinmarketcap, the defi tokens in Lido Finance (LDO), compound (COMP) and synthetix (SNx) have made significant gains in the past 24 hours. Among them, the native token LDO of Lido finance has increased by more than 10% in 24 hours.
Bitcoin btcusd - 4-hour K-line diagram shows:
According to the 4-hour chart, the low-level narrow range oscillates and shifts, the downward trend of short positions in the market continues, and the short-term short positions continue to move downward. The MACD indicator maintains the consolidation and shift in the short area, and the RSI indicator is weak in the short area;
Long and short turning point: 20187
Pressing position: 20620, 20996
Support position: 19560, 19230
Trading strategy: bearish below 20187, target 19560, 19230
Alternative strategy: bullish above 20187, target 20620, 20996