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President of El Salvador: Article 7 of the bitcoin act is only for large companies
2022-05-26
1099
Fundamental analysis:
Bitcoin remained volatile around 29748. Last September, bitcoin became legal tender in El Salvador, which contains a specific provision that every economic agent must accept bitcoin payment when anyone who obtains goods or services provides him with bitcoin.
Bitcoin btcusdt - 4-hour K-line diagram display:
Technical comments: it has been maintained in the Bollinger belt index channel for a long time, with narrow consolidation, weak translation, multi air dynamic narrow consolidation, and the Bollinger belt index shows a closing trend. During the continuous translation, the MACD index is weak around the 0 axis, and the RSI index is narrow consolidation near the 50 equilibrium line;
Long short turning point: 30136
Pressing position: 31230, 32256
Support position: 28768, 27878
Trading strategy: bearish below 30136, target 28768, 27878
Alternative strategy: bullish above 30136, target 31230, 32256
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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