US senator: will continue to meet with regulators on the cryptocurrency proposal

Fundamental analysis:

Bitcoin remained volatile around 31328. U.S. Senator Lummis said that he would continue to meet with regulators on the cryptocurrency proposal. The Ministry of labor's 401k guidance on cryptocurrency was wrong.

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

Technical comments: it has maintained a narrow vibration and translation in the Bollinger belt index channel for a long time. During this period, it has repeatedly spied the nodes of the upper and lower rail sections. The Bollinger belt index showed a closing trend and began to slowly open its mouth after continuous translation. The multi head power showed signs of waiting for the opportunity to enter. The MACD index hovered near the 0 axis, and the RSI index moved upward after oscillating back and forth near the 50 equilibrium line;

Long short turning point: 30857

Pressing position: 32116, 32836

Support position: 29984, 29198

Trading strategy: bullish above 30857, target 32116, 32836

Alternative strategy: 30857 down bearish, target 29984, 29198

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