BTC: Move up the low position
2022-11-24
1331
Fundamental analysis:
Bitcoin remained volatile around 16489. According to Nikkei News, the Bank of Japan plans to decide whether to issue digital currency in 2026 after two years of experiments.
Bitcoin BTCUSD - 4-hour K line diagram display:
Technical analysis:
The 4-hour chart shows that the low position bulls' power slowly moved up, and the market bulls' sentiment emerged in the short term, but they are still in the low position weak position, and the subsequent power is slightly lacking. The MACD index is in the weak position around the 0 axis, and the RSI index is in the weak position near the 50 equilibrium line;
Empty turning point: 16333
Pressing: 16858, 17164
Support: 15950, 15633
Trading strategy: 16333 upside bullish, target 16858, 17164
Alternative strategy: 16333 lower bearish, target 15950, 15633
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