Market Analysis of Bitcoin on Tuesday 13 July 2021

2021-07-13 14:50Source:BtcDana

On Monday Bitcoin plummeted and bulls were under short-term pressure. The current price is 33,000. The current Bitcoin price spread over the yearly period is 5.41%, which is a 1.68% decrease from the previous day. Open interest in futures contracts continues to decline, trading volume also decreases. The average daily transaction value fell to 45 billion US dollars, or a decrease of 62.5% compared to May. The 6-month average yield of BTC investors is 27.81%, lower than before. Bitcoin holdings on centralized exchanges have fallen back to their lowest level since April. From a technical perspective, Bitcoin's daily candle was under the pressure of middle BOLL and closed bearish. The 4 hours chart shows the formation of a ladder bottom. MA formed Death Cross and other indicators tend to be bearish. Overall, prioritize selling at high prices within the fluctuation zone. The deciding point whether to buy or sell is near 32000


https://asset.ycxfy.com/upload/file/1626105600000/1626162242170.png

Resistance:33500-34600-36000

Support:32600-32000-31000


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