The SEC is concerned that the United States will limit innovation in the cryptocurrency market

Fundamental analysis:

Bitcoin remained volatile around 30223. U.S. Securities and Exchange Commission Commissioner Hester Peirce expressed concern that the United States would limit the innovation of the cryptocurrency market. There are many frauds in the field of cryptocurrency. U.S. regulators need to avoid over regulation of cryptocurrency. It is normal to have failures in the field of cryptocurrency.

Bitcoin BTC / usdt - 4-hour K-line diagram display:

Technical comments: the low-level Bull Power reverses strongly, pulls up and moves upward, entangles in the narrow consolidation and translation near the middle rail of the brin belt index channel, the amplitude space gradually narrows, the brin belt index shows narrow consolidation and translation, the low-level bull power begins to show signs of maintaining shock and moving upward, the MACD index is in the short area, maintaining weak consolidation and moving upward slowly, about to touch the node near the 0 axis, and the RSI index is in the weak hovering near the 50 equilibrium line;

Long short turning point: 29499

Pressing position: 31469, 32735

Support position: 28126, 27078

Trading strategy: bullish above 29499, target 31469, 32735

Alternative strategy: bearish below 29499, targets 28126 and 27078

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