On Wednesday in early trading, BTC rebounded after a short-term decline. It dropped to the lowest point of 44,196 US dollars and is currently trading at around 45,100 US dollars. At present, due to the adjustment of mining difficulty and other factors, the income of Bitcoin miners who insist on online mining after "June 19" has increased by 57%, and the average daily mining income has increased by 10% compared with last week. Forbes: Cryptocurrency is a national security asset, not a threat. Report: About 86% of the central banks of 65 countries or economies have carried out digital currency research.
From a technical perspective, the daily candle weakened under pressure. We have repeatedly emphasized that 48000-50000 is a strong resistance level. The fluctuation on the high position will continue. H4 graph shows the strengthening trend was broken in the short term. Bitcoin is under pressure of MA5 and the indicator shows bearish signs. Overall, prioritise Sell on the high position 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 45500.
Resistance：45500-46800-48000
Support：44200-42600-41000
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