Bitcoin remained volatile around 20933. Charles Edwards, founder of Capriole Investment, wrote that the unrealized net profit and loss (NUPL) of Bitcoin was showing the loss of long-term holders, and the market entered the surrender area (red), which only appeared once every four years in the past.
Bitcoin BTCUSD - 4-hour K line diagram display:
The 4-hour chart shows that after the short-term narrow range shock and translation, the bulls are waiting for the opportunity to enter the market and pull up, and the market bullish sentiment starts to emerge. The MACD index is in the market shock on the axis 0, and the RSI index is in the upper side of the 50 equilibrium line and slowly rises;
Empty turning point: 20838
Pressing: 21143, 21328
Support: 20623, 20403
Trading strategy: 20838 top bullish, target 21143, 21328
Alternative strategy: 20,838 bearish, target 20,623, 20,403