CFTC Welcomes Amir Zaidi Back as Chief of Staff to Enhance Crypto Regulation
- Regulatory Experience Return: Amir Zaidi returns to the CFTC as Chief of Staff after a six-year hiatus, having previously played a key role in launching the first regulated Bitcoin futures market in the U.S. in 2017, showcasing his deep expertise in cryptocurrency regulation.
- Policy Driver: His return coincides with Congress preparing to send digital asset market structure legislation to the President, where his expertise will provide crucial support for the CFTC in developing regulations suited for rapidly evolving commodity markets.
- Market Confidence Boost: CFTC Chairman Michael Selig emphasizes that Zaidi's return will enhance the CFTC's role in crypto regulation, aiding the U.S. in becoming the global crypto capital, thereby boosting market confidence and legitimacy.
- Industry Influence: Zaidi's extensive experience in the financial services sector, particularly as head of global compliance at TP ICAP, will bring a broader perspective to the CFTC, promoting the healthy development of the crypto market.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 57886.013 | 61443.007 | 64322.833 | 67879.827 | 70759.653 | 74316.647 | 77196.473 |
| Fibonacci | 61443.007 | 63901.872 | 65420.961 | 67879.827 | 70338.692 | 71857.781 | 74316.647 |
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