Market Analysis of Bitcoin on Thursday, June 3, 2021

2021-06-03 20:00Source:BtcDana

BITCOIN


The total global market value is $1857.75 billion, with a 24H increase of +4.39%, and a 7-day increase of -3.03%. Amongst them, the market value of BTC is $705.16 billion, accounting for 37.96% of the global market value, and the price is $37,600 (+2.52%). BTC contract holdings are ¥10.36 billion, compared with the previous day -58.64%. Survey shows: In the past two weeks, Americans' trust in the bitcoin has declined. From a technical point of view, the daily line of Bitcoin has been gradually correction, and the current low is not seen. It is positive for bulls to enter the market. In H4 graph clearly see the emergence of a short-term upward structure, but it has not deviated from the recent fluctuation zone. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 37100.

 https://asset.ycxfy.com/upload/file/1622649600000/1622725587599.png

Resistance:39300-40000-41000

Support:37100-36300-35000


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


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