Market Analysis of Bitcoin on Wednesday, May 26, 2021

2021-05-26 14:55Source:BtcDana

BITCOIN


The total global market value is $1,797.409 billion, with a 24H increase of +4.08%, a 7-day increase of +5.67%. Amongst them, the market value of BTC is $715.15 billion, accounting for 39.79% of the global market value, and the price is $38,400 (-0.87%). U.S Nebraska officially approved Digital Asset Banking Framework Act. Report: The City of London Bank generates more than 800 million tons of carbon dioxide each year, higher than Bitcoin. From a technical point of view, Bitcoin did not go down to a new low for two consecutive days. Market panic was relieved, continue to weaken. H4 graph shows that the candle was running above the middle Boll band, and the short-term indicators were in correction. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 42000.

 https://asset.ycxfy.com/upload/file/1621958400000/1622015845907.png

Resistance:40000-40800-42000

Support:38200-36500-35000


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


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