Market Analysis of Bitcoin on Monday, May 24, 2021

2021-05-24 14:35Source:BtcDana

BITCOIN


The global market value is $1,683,363 million, with a 24H increase of -7.72%, and a 7-day increase of -21.84%. Among them, the market value of BTC is $653.773 billion, accounting for 38.84% of the global market value, and the price is $34,700 (-7.46%). 22%. European Central Bank report: The risk of cryptocurrency to financial institutions seems to be limited. From a technical point of view, the weekly candle forms a big bearish candle, and bearish sentiment continues. The downward trend of the daily line is obvious, and the support zone is at around 30.000. H4 graph shows downward trend, and MA forms Death Cross, the middle band of Bollinger band continues to be the resistance, all other indicators show bearish signal. Overall prioritise Sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 30,000.

https://asset.ycxfy.com/upload/file/1621785600000/1621841763338.png

Resistance:36000-37000-38500

Support:34000-32200-30000


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


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