The global market value is $1603.339 billion, with a 24H increase of -11.06% and a 7-day increase of -9.9%. Among them, the market value of BTC is $625.512 billion, accounting for 39.01% of the global market value, and the price is $33,600 (-6.18%). During the interview, Former US President Trump, criticized BTC as a scam against the U.S. dollar, and regulators were required to strictly supervise it which caused Bitcoin to fall upon hearing the news.
From a technical perspective, the daily candle of Bitcoin is bearish. In early trading, it fell below the recent correction range, and the indicators further weakened. H4 graph shows that 31000-30000 is a strong resistance level. Once the market makes a downward break through, it will further spark market panic and make price drop even lower. Overall prioritise Sell on Low on fluctuation zone. If the market makes a downward breakthrough, then you could open a Sell position. The short-term deciding point for bull and bear is at around 30000.
Resistance：33500-34700-36600
Support：31000-30000-28500
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.