Market Analysis of Bitcoin on Thursday 1 July 2021

2021-07-01 14:10Source:BtcDana

Bitcoin continued to weaken in the Asian Session on Wednesday and is currently at around $34,100. The boom in bitcoin options trading has cooled, and open positions in bitcoin options have fallen to 2021 lows. Capgemini World Wealth Report: 72% of global high net worth individuals invest in cryptocurrencies. NYDIG launched a full-page Bitcoin ad in the Wall Street Journal. From a technical perspective, Bitcoin's daily candle is under pressure below the middle BOLL, the market is still in the fluctuation zone. Indicators are showing bearish signs. H4 graph shows a head and shoulder pattern, MACD is above the 0 level in the short term, and RSI are relatively bearish. Overall, prioritize operation within the fluctuation zone. Consider the support and resistance zones, the deciding point whether to buy or sell is near 35500


https://asset.ycxfy.com/upload/file/1625068800000/1625123275572.png

Resistance:35500-36600-38000

Support:33500-32500-31200


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