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BTC: within a narrow range
2023-05-04
874
Fundamental analysis:
Bitcoin remained oscillating around 28524. The OKXWeb3 wallet has been connected to the Sui mainnet at 17:00 (HKT) on May 3. It is the first multi-chain wallet to support the Sui mainnet. Users can go to the OKXWeb3 wallet to check their assets on the Sui chain, support the use of the App to manage and trade Sui assets, and receive related event rewards.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term maintains a narrow range of shocks. Although the market’s bullish momentum has weakened, there are still signs of continued upward movement. The MACD indicator is hovering below the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;
Resistance level: 28775 29027
Support level: 28063 27803
Trading strategy: Bullish above 28339, target 28775 29027
Alternative strategy: bearish below 28339, target 28063 27803
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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