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BTC: range-bound

2023-05-24
855
Fundamental analysis:

Bitcoin remains oscillating around 27216. The Solana Foundation has officially integrated AI into its network through the ChatGPT plug-in developed by SolanaLabs. The ChatGPT plug-in will initially focus on NFT, which can be used to purchase and list NFT, transfer tokens, checkout transactions, and explain data And find NFT collectibles by floor price.

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



Brief technical analysis:

Looking at the 4-hour chart: the region maintains a range-bound trend in the short term, and the bullish momentum slowly moves upwards and then sorts out. The market has not yet stepped out of the low-level range-bound range in the short term.

Resistance level: 27383 27596

Support level: 26851 26638

Trading strategy: Bullish above 27077, target 27383 27596
Alternative strategy: bearish below 27077, target 26851 26638

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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