BTC: shock downward
Bitcoin kept the shock near 16332. BitMEX announced that the Bitcoin developer grant to Rene Pickhardt would be extended to May 2023, six months longer than the previous grant. BitMEX currently supports five Bitcoin developers and researchers. Rene Pickhardt's grant is US $50000 per year, mainly focusing on lightning network.
Bitcoin BTCUSD - 4-hour K line diagram display:
The 4-hour chart shows that the bearish power maintains a narrow range of shocks and slowly declines, and the market bearish situation is good. The MACD indicator is in the bearish area and maintains consolidation and translation, while the RSI indicator is in a weak position below the 50 equilibrium line;
Empty turning point: 16501
Pressing: 16867, 17201
Support: 15919, 15596
Trading strategy: 16501 lower bearish, target 15919, 15596
Alternative strategy: 16501 upside bullish, target 16867, 17201
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