Market Analysis of Bitcoin on Monday 5 July 2021

2021-07-05 14:10Source:BtcDana

On Monday's Asian session, Bitcoin strengthen and then weakened, and is currently fluctuating around $34,300. On July 5, the difference in the current Bitcoin price over the annual period was 3.43%, an increase of 0.43% from the previous day. The market sentiment index looks "careful but optimistic". BTC is expected to lower mining difficulty by 28.34% to 10.29 T in 14 days and 20 hours. The world's first physical statue of Satoshi Nakamoto will be unveiled in Budapest on September 16. From a technical perspective, Bitcoin’s daily candle is still under pressure, and the market's trading sentiment is weakening. On the H4 chart, the indicator is fluctuating within the 36000-33000 range. MACD is neutral, RSI is bearish. Overall prioritise Sell on High on fluctuation zone. The deciding point whether to buy or sell is near 32600


https://asset.ycxfy.com/upload/file/1625414400000/1625468704593.png

Resistance:35200-36000-36600

Support:33500-32600-31000


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