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BTC: Weak down
2023-05-17
514
Fundamental analysis:
Bitcoin remained volatile around 26952, and Jamaican Senator Aubyn Hill announced the creation of an e-commerce "digital marketplace" that would enable consumers to pay using the country's central bank digital currency (CBDC) JAM-DEX.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level and narrow-range order is weak and downward, and the short-term short-term momentum continues to move downward. The market is shrouded in bearish sentiment.
Resistance: 27340 27594
Support level: 26707 26489
Trading strategy: bearish below 27071, target 26707 26489
Alternative strategy: call above 27071, target 27340 27594
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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