BTC: Weak down
Bitcoin remained volatile around 26952, and Jamaican Senator Aubyn Hill announced the creation of an e-commerce "digital marketplace" that would enable consumers to pay using the country's central bank digital currency (CBDC) JAM-DEX.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level and narrow-range order is weak and downward, and the short-term short-term momentum continues to move downward. The market is shrouded in bearish sentiment.
Resistance: 27340 27594
Support level: 26707 26489
Trading strategy: bearish below 27071, target 26707 26489
Alternative strategy: call above 27071, target 27340 27594
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