BTC's Short-term Trend Is Weak, The Market May Continue To Fall
It is reported that Maxine Waters, chairman of the U.S. House of Representatives Financial Services Committee, said at a hearing on cryptocurrency by the Supervision and Investigation Subcommittee that the committee has begun a thorough investigation of the crypto market. When trying to better regulate cryptocurrencies (including cryptocurrency issuers, exchanges, and investments), regulators and Congress will face many challenges. The committee not only makes this market with low regulatory limits more transparent but also ensures that protective measures are in place. At present, it has begun a policy review of this market.
Back to the market, Bitcoin continued to decline in the short term, falling below the support of $34,000. The short-term correction is strong and the trend is weak. The support level could be focused on the $32,500 line. If the price breaks, it will continue to fall; if it does not break, the market may rebound. The upper resistance level could be focused on the $36,500 line.
Back to the market, Bitcoin continued to decline in the short term, falling below the support of $34,000. The short-term correction is strong and the trend is weak. The support level could be focused on the $32,500 line. If the price breaks, it will continue to fall; if it does not break, the market may rebound. The upper resistance level could be focused on the $36,500 line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.