BTC: Rapid lifting

Fundamental analysis:

Bitcoin remained volatile around 20167. According to the data retrieved by Finbold from Bitnodes, the BTC node analysis platform, 30.3% of the world's accessible Bitcoin nodes are located in the United States, Germany, France, the Netherlands and Canada. The United States is the best among these countries, with 1844 nodes (about 13.2%), followed by Germany, with 1362 nodes (9.8%), and France with 434 nodes (about 3.1%). The Netherlands ranks fourth, with 374 (about 2.7%) accessible Bitcoin nodes, while Canada ranks fifth, with 297 (about 2.1%) accessible Bitcoin nodes worldwide.

Bitcoin BTCUSD - 4-hour K line diagram display:

Technical analysis:

The 4-hour chart shows that the bulls' momentum is rapidly rising, and short-term bullish sentiment is shrouded. After the bulls' momentum moves up to a high level, it shocks. Market bullish sentiment continues to emerge. The MACD index continues to move up in the bulls' region, and the RSI index maintains a high level in the bulls' region;

Multi empty turning point: 20096

Pressing: 20351, 20546

Support: 19939, 19776

Trading strategy: bullish on the top in June 2009, target 20351, 20546

Alternative strategy: lower bearish in June 2009, target 19939, 19776