BITCOIN
The total global market value is $1,701.043 billion, with a 24H increase of -22.03% and a 7-day increase of -27.15%. Among them, the market value of BTC is $695.435 billion, accounting for 40.88% of the global market value, at the price is $36,800 (-14.35%). The average cost of Musk's position is only $25000, and the Bitcoin crash has not yet fallen to Tesla’s holding cost. As the People's Bank of China announced that Bitcoin is an illegal fundraising, no one is allowed to participate, which is the biggest culprit of bitcoin's decline. From the technical point of view, Bitcoin’s daily belt and long lower lead have a strong bear. The current rebound forecast is the temptation for the market to continue to sell. The H4 graph 42000 line is the key long-short watershed. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 42,000.
Resistance：40800-42000-43500
Support：38500-37000-35000
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.