On Tuesday, Bitcoin rushed higher, followed by a drop, then continued to fluctuate on Wednesday. Bitcoin is currently trading at 45600. The August CME Bitcoin futures contract closed at $45,495. Five North American Bitcoin mining companies increased their mining of Bitcoin in July by 58%. Data: 20 million people in the United States hold cryptocurrency. Report: DeFi lost $474 million in 2021 due to hacking and fraud. The South African Revenue Service has tightened its cryptocurrency taxation policy, with a tax rate of up to 45%.
From technical perspective, the daily candle closed by Doji Star on a high-level. The overall trend is still bullish. The market is still bullish but beware of correction. H4 graph shows that the market is sideways for short period of time, but the indicators are generally bullish. Overall, priorities Buy on Low positions. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 44600.
Resistance：46700-48000-50000
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