On Monday Bitcoin fluctuated tremendously, as rumors that Walmart accepts Litecoin as payment. Cryptocurrency skyrocketed, but then Walmart confirmed that the news was false. The market crashed and the current price is at $45,200. Bitcoin's 7-day average trading volume reached a 4-year high of 23.590 BTC. The US House Ways and Means Committee proposed a 28.8% capital gains tax on crypto users. Financial Times: Two-thirds of South Korean crypto exchanges will be closed in September.
From a technical perspective, the daily candle closed by Doji Star, the indicator remained relatively neutral, and the market lacked of direction. On the H4 graph, Bitcoin fluctuated greatly, BOLL narrowed, the MA remained bearish, and the overall indicators became weaker. Overall prioritise Sell at high position. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 44100.
Resistance：45500-46400-47400
Support：44100-42800-40000
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