Market Analysis of Bitcoin on Tuesday, May 18, 2021

2021-05-18 15:30Source:BtcDana

Bitcoin


The global market value is $2153.873 billion, with 24h increase of - 10% and 7 -days increase of 21.47%. The market value of BTC is $813.946 billion, accounting for 37.79% of the global market value, and the price is $43500 (- 6.28%). The vice-chairman of the US Fed Clarida said the central bank's digital currency was under "active research", but it would not be soon. Report: Last week, the outflow of Bitcoin funds was US$98 million, which was the first net outflow in the year. Investment demand for ETH, ADA, etc. increased. From a technical point of view, the Bitcoin daily line is a restoration of the downward process, and the indicators have not stabilized. The downward channel is still maintained for H4. Below 42000 is the long-short watershed at the monthly level. If it breaks again, it is estimated that the decline will be even greater. In general, Bitcoin has less shock and the idea of chasing short-term operations. Overall prioritise operation on the influctuation zone. The deciding point whether to buy or sell is 46500

 https://asset.ycxfy.com/upload/file/1621267200000/1621326871321.png

Resistance:46500-47700-49500

Support:44000-42000-40000


Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.


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