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Bitcoin: low weak shock

2022-07-07
1491
Fundamental analysis:

Bitcoin remained volatile around 20378. The listed bitcoin mining company riot blockchain mined a total of 421 bitcoins in June. As of June 30, 2022, it held about 6654 bitcoins, all from self mining.



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




Technical analysis:


According to the 4-hour chart, it has been maintained in the narrow range consolidation in the Bollinger belt index channel for a long time, and the low level shows signs of slow oscillation and upward movement. The MACD index is weak around the 0 axis, and the RSI index is out of the narrow range consolidation on the upper side of the 50 equilibrium line;


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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