BITCOIN
The total global market value is $1383.554 billion, with a 24H increase of -0.85%, a 7-day increase of -19.56%, of which the market value of BTC is $607.794 billion, accounting for 43.93% of the global market value, and the price is $32,500 (+2.77%). The BTC contract holdings amounted to ￥25.921 billion, compared with the previous day -0.96%. Biden nominated candidates for the Ministry of Finance will give priority to cryptocurrency regulation. From a technical point of view, Bitcoin’s daily candle is at bottom position, which was in line with yesterday’s estimate of breaking Bitcoin dropping below 30,000. The rapid withdrawal of the market represented the fear of investors. In H4 graph, the strength of the rebound has gradually weakened, the indicator has not finished correction, and the market is still dominated by bears. Overall prioritise Sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 31700.
Resistance：34300-35200-36400
Support：32800-31700-30000
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