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BTC: Up from lows

Fundamental analysis:

Bitcoin remains volatile around 26001. AsiaNext, a joint venture between Japan's SBI and Switzerland's SIX, received a market operator license (RMO) from the Monetary Authority of Singapore (MAS). This could lead to a breakthrough in tokenized securities, enabling global liquidity.

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

Brief technical analysis:

Looking at the 4-hour chart: The bullish momentum at the low level maintains shock and moves upward slowly, bullish sentiment emerges in the market, and there are signs of continued upward movement in the short term. The MACD indicator is weakly consolidating below the 0 axis, and the RSI indicator is weakly hovering near the 50 equilibrium line;

Resistance level: 26241 26424

Support level: 25647 25437

Trading strategy: Bullish above 25852, target 26241 26424
Alternative strategy: bearish below 25852, target 25647 25437

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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