Market Analysis of Bitcoin on Friday, May 28, 2021

2021-05-28 15:40Source:BtcDana

BITCOIN


The total global market value is $1915.731 billion, 24H increase of+0.19%, 7-day increase of +3.16%. Amongst them, the market value of BTC is $722.101 billion, accounting for 37.69% of the global market value, and the price is $38,500 (-2.03%). BTC contract holding are ¥10.198 billion, compared with the previous day -61.49%. Data: Bitcoin options worth more than $2.1 billion will expire today. From a technical point of view, Bitcoin’s daily line continues to be under pressure, which is not a good for the bulls. The correction of daily indicators has caused the market to perform too softly. The MACD indicator has not been on the zero axis, and there was a risk of short period bearish. Overall prioritise sell on high the fluctuation zone. The deciding point whether to buy or sell is near near 35,000.

 https://asset.ycxfy.com/upload/file/1622131200000/1622191460059.png

Resistance:38800-40000-42000

Support:36300-35000-32200


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


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