The global market value is $158.785 billion, with a 24H increase of -0.96%, and a 7-day increase of -14.53%. The market value of BTC is $626.161 billion, accounting for 39.43% of the global market value, and the price is $33,400 (-0.38%). The BTC contract holdings amount to ￥18.172 billion, -34.61% compared to the previous day. Data: Since BTC fell below $40,000, Bitcoin Whale has accumulated over $2 billion in BTC.
From a technical point of view, Bitcoin declined sharply yesterday but failed to fall below the key position of 31,000-30,000 which gives a breathing room for the bulls. H4 graph shows signs of rebound from bottom position, but the structure and indicators show bearish sign. Overall prioritise Sell on high on a 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：33800-34800-36600
Support：31000-30000-28500
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.