💥Putin speaks, leading the cryptocurrency!
⭐Russian President Vladimir Putin said in a speech at the Eastern Economic Forum that Russia has become one of the world leaders in Bitcoin mining, and now Russia is actively deploying cryptocurrencies, which is a long-term benefit for our industry;
💥According to the report of the Chairman of the Industrial Mining Association, Russia produced 54,000 bitcoins in 2023, bringing more than $550 million in tax revenue to the country. However, Bezdelov assessed that this number will increase due to the influx of new investors in the field due to the recent approval of the cryptocurrency mining law.
💥Coming to the BTC market, BTC rebounded quickly to around 58,000, but at the 15-minute level, we can see that PINBAR was just closed at a high level, indicating that the pressure above 58,000 is still heavy in the short term
⭐The daily level has broken through the downward trend formed since August 26, but the resistance of chips above this position is heavy. It is best to give the market more time to observe whether it is an effective breakthrough. After all, there is still a lot of macro news
💥The recent resistance above is also quite obvious. In addition to 58,000, it is 59,000 near the upper MA30; therefore, buy at a low level first; but there is no need to increase positions at this position; if it falls below again, it is still possible to go for a second test, and pay attention to the support of 55,000/53,000
