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BTC: range-bound

Fundamental analysis:

Bitcoin remains oscillating around 26217. Firefox browser developer and Internet giant Mozilla released a security update on Tuesday to address a serious zero-day vulnerability in Firefox and Thunderbird that has been actively used in wild attacks.

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

Brief technical analysis:

Looking at the 4-hour chart: the short-term narrow range oscillation moves upward, but the subsequent momentum weakens, and the narrow range oscillation is still maintained. The MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is weakly finishing above the 50 equilibrium line;

Resistance level: 26450 26680

Support level: 25898 25669

Trading strategy: Bullish above 26115, target 26450 26680
Alternative strategy: bearish below 26115, target 25898 25669

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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