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BTC: Upward at a high level
2023-03-19
932
Fundamental analysis:
Bitcoin remained oscillating around 26662. Bitcoin ordinal has minted 520,200 NFTs in the past two months, while the number of NFTs minted five weeks ago was less than 50,000.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bulls’ power is moving up at a high level, and the bulls in the market are constantly pulling up, and there is a trend of continuing to move upwards in the short term.
Resistance: 27045 27409
Support level: 26095 26731
Trading strategy: Bullish above 26458, target 27045 27409
Alternative strategy: bearish below 26458, target 26095 26731
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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