On Monday Bitcoin rose rapidly, breaking through the $39,600 mark with an intraday increase of 16%. The current price is 38,300. Bitcoin's annualized price difference is 3.30%, 1.31% lower from the previous day, and the market sentiment index is "cautious but optimistic." Survey: More than 60% of US investors have entered the market in the past 6 months, and 43% of Singaporeans own cryptocurrencies. The number of global cryptocurrency ATMs has surpassed 24,000.
From technical perspective, the weekly candles reached the lowest point and closed bullish, laying the foundation for the rapid rise of the in-day-trading on Monday. The daily indicators showed signs of turning trend, H4 graphs shows quickly broke through the recent high of 36,600 points, reaching the highest of 39,650. The indicators are bullish. Overall, prioritise Buy. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 40000.
Resistance：39000-40000-41300
Support：37800-36600-35700
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