On Thursday's Asian session, Bitcoin continued its gains since Wednesday, and is now hovering around $31,950. The current Bitcoin price spread over the yearly period is 4.49%, which is a 3.96% increase from the previous day. Twitter founder: Bitcoin could become the "major currency of the Internet". ARK Fund Founder: Bitcoin is a hedge against inflation. Musk: Tesla may start accepting Bitcoin payments.
Technically, Bitcoin's daily line closed bullish and managed to return to key positions above 31000 points, but Bitcoin is still pressured by middle band of BOLL. The 4-hour chart shows Bitcoin weakened short term and broke through the trendline. MA shows signs of strengthening and indicators are showing bullish signals. Overall, Bitcoin's first rebound cannot be considered a strong bullish sign. Prioritise operation on the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 31000
Resistance：33000-33900-34700
Support：31000-30000-28800
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