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Bitcoin: continuous shock

2022-06-28
1499
Fundamental analysis:

Bitcoin remained volatile around 20858. After the crash of terrausd (UST), in the past month, more traditional hedge funds short tether (usdt) through encryption brokerage company Genesis global trading.




Bitcoin btcusd - 4-hour K-line diagram display:




Technical analysis:


According to the 4-hour chart, it has been maintained in the Bollinger belt index channel for a long time and began to narrow, the low-level Bull Power showed signs of moving up slowly, the Bollinger belt index continued to close, the MACD index maintained the shock of the external Bull Power moving up, and the weak hovered near the 0 axis, and the RSI index was in the narrow range consolidation near the 50 equilibrium line;


Long short turning point: 20797


Pressing position: 21776, 22482


Support position: 19949, 19295


Trading strategy: up above 20797, target 21776, 22482


Alternative strategy: down 20797, target 19949, 19295


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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