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Bitcoin: low shock pull up

2022-07-08
1508
Fundamental analysis:

Bitcoin remained low and moved up to around 21607. The blockchain data analysis tool dune announced the addition of support for team collaboration in queries and dashboards, and will launch more functions such as private content in the next few months.



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




Technical analysis:


According to the 4-hour chart, the low-level bull power continued to fluctuate and rise in the upper rail range in the Bollinger belt index channel, and there were signs of continuing to move upward after the high level broke through the nodes near the upper rail. The bottom of the Bollinger belt index maintained the shock and slowly opened its mouth, the MACD index maintained the consolidation and upward movement in the bull region, and the RSI index was in the bull region maintained the shock and upward movement;


Long short turning point: 21267


Pressing position: 22626, 23458


Support position: 20158, 19270


Trading strategy: bullish above 21267, targets 22626, 23458


Alternative strategy: bearish below 21267, targets 20158, 19270

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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