BTC: oscillating down

Fundamental analysis:

Bitcoin remained volatile around 16,579, and El Salvador is taking further steps to drive mass adoption of Bitcoin by educating students. A video posted on Twitter shows several teachers at a school in El Salvador educating students about bitcoin. First, the teacher demonstrated to the students how to receive Bitcoin through the Lightning Network, and then the students also received education on various other topics, including: nodes, double-spending, and halving related to the Bitcoin white paper entry, the entire course will last for ten weeks.

Bitcoin BTCUSD - 4-hour K-line chart shows:

Brief technical analysis:

Looking at the 4-hour chart: the short-term dynamics are slowly falling in a low and narrow range, and the market is bearish, and the short-term decline may continue. The MACD indicator is weakly hovering below the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;

Long and short turning point: 16626

Suppression: 16754, 16886

Support: 16452, 16339

Trading strategy: bearish below 16626, target 16452, 16339

Alternative strategy: call above 16626, target 16754, 16886