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Jamaican legislation empowers the central bank to issue CBDC and give it legal currency status
2022-06-10
1522
Fundamental analysis:
Bitcoin remained volatile around 30107. Jamaica has become the first country to provide CBDC as legal tender, which aims to provide an alternative to cash intensive economy and provide financial support to people without bank accounts.
Bitcoin btcusdt - 4-hour K-line diagram display:
Technical comments: it has maintained a narrow range of weak consolidation in the Bollinger belt index channel for a long time, and the amplitude space has gradually narrowed. The Bollinger belt index is in a closing trend. MACD index is weak around the 0 axis, and RSI index is weak consolidation below the 50 equilibrium line;
Long short turning point: 30857
Pressing position: 31779, 32836
Support position: 28995, 28000
Trading strategy: 30857 down bearish, target 28995, 28000
Alternative strategy: bullish above 30857, target 31779, 32836
The above analysis is a personal point of view and is for reference only.
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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