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BTC: V-type inversion
2022-11-11
1532
Fundamental analysis:
Bitcoin kept the shock near 17988. The official of Binance said that as part of Binance's continuous commitment to industry transparency, it would share the details of its hot wallet address and cold wallet address. At the same time, the Merkel Tree Reserve Certificate will be released in the next few weeks.
Bitcoin BTCUSD - 4-hour K line diagram display:
Technical analysis:
The 4-hour chart shows that the low V-shaped reversal moves upward, short-term bullish sentiment emerges, and the bull momentum continues to move upward. The MACD indicator is in the short position and moves upward, while the RSI indicator is in the short position and moves upward;
Empty turning point: 17859
Pressing: 18430, 18893
Support: 17449, 17015
Trading strategy: 17859 upside bullish, target 18430, 18893
Alternative strategy: 17859 bearish, target 17449, 17015
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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