The total global market value is $1,746.611 billion, with a 24H increase of +10%, a 7-day increase of -9.03%, of which the market value of BTC is $699.37 billion, accounting for 40.04% of the global market value, and the price is $37,400 (+11.74%). BTC contract holdings are ￥27.732 billion. +22.79% from the previous day. TedCruz, a US senator and former presidential candidate, stated on the Fox News program that Bitcoin has huge potential.
From a technical point of view, Bitcoin's daily candle weakening several times trying to test the support level but stopped weakening at 31,000. Yesterday, the daily candle shoot up quickly, but the structure shows that the market is still in fluctuation zone. The H4 graph shows that the downward trendline is still effective but as long as Bitcoin did not manage to stabilize at 40,000, then the bulls will still be under pressure. Overall, prioritise Sell on High at fluctuation zone. The deciding point whether to buy or sell is near 34800
Resistance：38200-39500-40800
Support：35600-34800-33300
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.