Market Analysis of Bitcoin on Tuesday 29 June 2021

2021-06-29 14:50Source:BtcDana

In Tuesday's Asian session, BTC strengthened short term, breaking through $35,000, hitting a high of $35,150. Data: Bitcoin computing power has fallen to its lowest level in a year, with a 3-day average computing power of 80.81EH as Bitcoin may get a long-term boost from China's current cryptocurrency ban. International Anti-Money Laundering Organization: they will finalize revised guidelines for digital currency and digital asset operators in October. From a technical perspective, Bitcoin's daily line continues to close bullish, and the market is gradually becoming active. The H4 chart shows the key resistance point is above 35500, in the short term, MACD is above the 0, and MA is forming a Golden Cross. Overall, open positions if there is a breakthrough in the fluctuation zone.  Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 35500

https://asset.ycxfy.com/upload/file/1624896000000/1624953242264.png

Resistance:35500-36400-38000

Support:33500-32300-31000


This material is from Quant Tech Limited and is being posted with permission from Quant Tech Limited. The views expressed in this material are solely those of the author and/or Quant Tech Limited and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice



More