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IMF provides "technical assistance" to El Salvador to compile bitcoin usage statistics
2022-05-24
971
Fundamental analysis:
Bitcoin remained volatile around 29233. The International Monetary Fund (IMF) has held talks with the Salvadoran authorities on "key issues highlighted by the Executive Committee in January". Gerry rice, the spokesman of the organization, confirmed at a press conference the progress made by the authorities in collecting statistics on the use of bitcoin and other information related to the adoption of bitcoin as legal tender in El Salvador.
Bitcoin BTC / usdt - 4-hour K-line diagram display:
Technical comments: it has maintained a narrow fluctuation in the Bollinger belt index channel for a long time. The Bollinger belt index shows a closing trend and continues to shift. During this period, it has repeatedly probed the nodes of the upper and lower rail sections. MACD index hovers weakly near the 0 axis, RSI index is near the 50 equilibrium line, and starts to go down after narrow consolidation;
Long short turning point: 29499
Pressing position: 30546, 31469
Support position: 27878, 27078
Trading strategy: 29499 bearish below, target 27878, 27078
Alternative strategy: bullish above 29499, targets 30546 and 31469
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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