On Tuesday in early trading, Bitcoin fell short-term, falling below $49,000, and is now at $49,300. Report: The size of the blockchain market is expected to reach US$172.9 billion by 2028. Mayor of Jackson: Bitcoin is bound to become the currency system of the future. Data: Miner reserves are close to the year's high, exchange stablecoin reserves are close to historical highs, and 86% of holders are profitable after the value of Bitcoin reaches $50,000.
From a technical perspective, the daily candle has risen and fallen then closed bullish. Level 50000 will be the deciding point for bull and bear for a certain period. The indicators are still bullish. H4 graph shows that the candles fell back and fluctuated around 48000-50500. The indicators show mixed bullish and bearish signal. Overall prioritise operation 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：50500-51300-52600
Support：48000-46600-44400
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