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BTC: Wide range of shocks
2023-02-28
1008
Fundamental analysis:
Bitcoin remained oscillating around 23321, and the Bank of England is most concerned about the supervision of new payment technologies. The experience of digitization so far is that new products and services enabled by new technologies can be adopted very quickly on a large scale, which clearly presents opportunities for financial institutions, businesses and individuals.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term dynamics are oscillating downward, and the short-term oscillates within a narrow range. The market as a whole is in a weak position. The MACD indicator is hovering below the 0 axis, and the RSI indicator is finishing below the 50 balance line;
Long-short turning point: 23402
Suppression: 23631, 23868
Support: 23061, 22809
Trading strategy: bearish below 23402, target 23061, 22809
Alternative strategy: call above 23402, target 23631, 23868
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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