Bitcoin
The global market value of cryptocurrency is $23351.118 billion, with 24H increase of -7.03% and 7-day increase of -13.07%. The market value of BTC is $925.373 billion, accounting for 39.63% of the global market value, at a price of $49,700 (-0.27%). Musk: Working with Dogecoin developers to improve transaction efficiency. Bloomberg: The largest fuel pipeline system in the United States paid nearly $5 million in cryptocurrency ransom to DarkSide related hackers and restarted. From a technical perspective, the daily candle of Bitcoin is very bearish. The market has rebounded and currently maintains a 50% decline. The short position is more dominant. The H4 graph trend is in line with the weakening cycle structure where the market plunged followed by a correction. All indicators shows bearish signal. Overall prioritise Sell on High on fluctuation zone. The deciding point whether to buy or sell is near 48,000.
Resistance：50000-51500-53000
Support：48000-47000-45000
Disclaimer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk
Powered by: Quanttech