Chainalysis launches blockchain analysis tool "chainalysis storyline"“

Fundamental analysis:

Bitcoin remained volatile around 29199. Blockchain data analysis company chainalysis launched a blockchain analysis tool "chainalysis storyline" specially designed for Web3, which aims to visualize smart contract transactions including defi and NFT.

Bitcoin BTC / usdt - 4-hour K-line diagram display:

Technical comments: the short power continues the low position of the Bollinger belt index channel to maintain the weak consolidation and translation, and the amplitude space is gradually narrowed. The Bollinger belt index shows a closing trend, and there are signs of slow opening at the low position after it continues. The MACD index is below the 0 axis, the short area remains weak, and the RSI index is below the 50 equilibrium line, and the narrow consolidation is slowly downward;

Long short turning point: 29499

Pressing position: 30653, 31934

Support position: 28126, 27078

Trading strategy: 29499 bearish below, target 28126, 27078

Alternative strategy: bullish above 29499, targets 0653 and 31934

The above analysis is a personal point of view and is for reference only.