BTC: low rise

Bitcoin remained volatile around 27346. The Group of Seven (G7) Intergovernmental Political Forum has stated that it will commit to implementing the Financial Stability Board (FSB)'s upcoming encryption asset regulatory norms and the International Monetary Fund's (IMF) regulations on central bank digital currencies. suggestion. G7 finance ministers and central bank governors announced that they had discussed crypto asset regulation at a meeting in Niigata, Japan, on Saturday ahead of next week's G7 summit.

Bitcoin BTCUSD - 4-hour K-line chart shows:

Looking at the 4-hour chart: After the low-level bullish momentum rose strongly, the short-term bullish sentiment began to weaken, but the upward trend remained, the MACD indicator was in the bearish area and moved up, and the RSI indicator was hovering weakly near the 50 balance line;

Resistance level: 27616 27863

Support level: 26984 26773

Trading strategy: Bullish above 27231, target 27616 27863

Alternative strategy: bearish below 27231, target 26984 26773