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Bitcoin: low volatility
2022-07-06
1507
Fundamental analysis:
Bitcoin remained volatile around 20436, and the income of bitcoin miners exceeded that of Ethereum (ETH) for the first time in June. But even so, due to the cold winter of cryptocurrency, the profit margins of these two digital assets are declining.
Bitcoin btcusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the bottom weak narrow consolidation has been maintained for a long time, the Bollinger belt index has a closing trend and continues to shift, the MACD index is in the weak hovering on the lower side of the 0 axis, and the RSI index is in the 50 balanced narrow consolidation on the online side;
Long short turning point: 20733
Pressing position: 21769, 22891
Support position: 19438, 18395
Trading strategy: 20733 bearish below, targets 19438, 18395
Alternative strategy: 20733 bullish above, goals 21769, 22891
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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