On Tuesday Asia session, BTC rose after a short-term drop, breaking through US$46,000, and is now at 46500, an increase of 1%. USDT accounts for about 58.51% of Bitcoin transactions. Bank of Communications International: At a time when global liquidity growth has slowed recently, Bitcoin's upward movement has encountered resistance. The Central Bank of Costa Rica: Takes a "vigilant and tolerant" attitude towards cryptocurrencies. Indian Finance Minister: The Indian cryptocurrency bill is waiting for the cabinet to pass.
From a technical perspective, the daily candle is under pressure as expected. Above 48000-50000 will be the most critical key point short-term. The indicator on daily graph shows bullish signs. H4 graph shows the convergence of MA. The candle has been around the middle BOLL for a long time while other indicators are neutral. Overall, prioritise Sell within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 48000.
Resistance：47300-48000-50000
Support：45700-45000-44000
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