Based on the current CPI data, the overall market appears to be in a period of consolidation. BTC's daily chart has been oscillating at high levels for 21 days, with the past week witnessing fluctuations around the MA20. The BOLL is narrowing, indicating an impending direction. On the 4-hour timeframe, BTC has formed a box pattern while being confined within a triangle formation, awaiting a breakout. Resistance near $31,000 is a key level to watch for BTC's upward movement.
Google Play Updates Policy on Tokenized Digital Assets
Google Play made a significant policy shift today, as reported by CoinDesk, allowing developers to integrate digital assets such as NFTs into their applications and games. Companies that enable the purchase, sale, or earning of tokenized assets are required to disclose blockchain-based elements in their applications through the Play Console. Reddit is one of the partners collaborating with Google to develop the new policy. Matt Williamson, Senior Engineering Manager at Reddit, stated that the new guidelines aim to create a fair competitive environment, foster user trust, and promote responsible use of blockchain technology.
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