The total global market capitalization is $1,802,753 million, with a 24H increase of +3.16%, and a 7-day increase of +0.26%. Among them, the market value of BTC is $670.65 billion, accounting for 37.17% of the global market value, and the price is $35,800 (+0.8%). The BTC contract holdings amount to RMB 24.823 billion. +4.98% from the previous day. The US Treasury Secretary said that even if inflation rises, he will not abandon President Biden’s $4 trillion spending plan.
From a technical perspective, Bitcoin’s weekly candle close with a doji candle showing that the market lacks direction, and the daily line continues to fluctuate at a low level. Market continue to repair and bulls increase their position. H4 graphs shows continuous consolidation at the lower band of BOLL, and indicator tend to be weak. Overall, maintain operation around the fluctuation zone. The deciding point for bull and bear is at around 37100.
Resistance ：37100-38000-39500
Support：35100-34500-33400
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.