Market Analysis of Bitcoin on Monday 21 June 2021

2021-06-21 15:00Source:BtcDana

The total global market value was $160.373 billion, with a 24-hour increase of +0.69%, and a 7-day increase of -10.68%. Among them, the market value of BTC is $668.76 billion, accounting for 41.27% of the global market value, and its price is $35,600 (+0.22%). BTC contract holdings amount to RMB 21.988 billion, -14.74% from the previous day. Data: Bitcoin funds reduced their holdings by more than 15,000 Bitcoins in three days, and their holdings hit a four-month low. From a technical perspective, bitcoin's weekly candle lacks momentum. The daily line rebounded after the drop, which happens when there is a sharp increase which lacks momentum causing the candle to be closed bearish. In the H4 chart, the candle is under pressure and is below its recent consolidating range, and all indicators are show a bearish trend. Overall, maintain operation within the fluctuation zone. The deciding point whether to buy or sell is near 36200


https://asset.ycxfy.com/upload/file/1624204800000/1624261973540.jpeg

Resistance:35300-36200-39000

Support:33000-31000-30000


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