The global market value is $1754.501 billion, 24H increase +7.02%, 7 days increase +9.43%, of which the market value of BTC is $729.217 billion, accounting for 41.56% of the world's total market value, and the price is $3.9 million (+10.04%). BTC contract holdings are RMB 27.215 billion, +8.57% from the previous day. The Bitcoin network ushered in a difficulty adjustment at the block height of 687456, and the difficulty of the entire network was reduced by 5.3% to 19.93T, which is the lowest level this year. From a technical point of view, the weekly candle of Bitcoin is closed bullish, and the daily candle still fluctuated below 40,000. Short-term market sentiment and guidance from news made Bitcoin shoot up in the early trading market. The H4 graph shows the formation of the head and shoulder pattern. If there is a correction then there is a chance to strengthen again. Overall, prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 40000.
Resistance：40000-41000-43000
Support：38000-36200-34800
Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.