On Monday, Bitcoin went up and fell back. Currently it weakened to $42,650. Morgan Stanley's funds increase holdings of Grayscale Bitcoin Trust. Report: The surge in “bargain hunting” has promoted the sixth consecutive week of widespread inflows of institutional crypto investment products. Candidate for the US Senate: The government should buy Bitcoin as a strategic asset. Microsoft CEO: Encryption currency is a great universal technology. Alibaba will ban the sale of cryptocurrency mining equipment from next month.
From a technical perspective, the daily candle was under pressure and operates at low position in a short-term. BOLL turned around and went downwards, MACD weakened and broke the 0 axis. On H4 graph, Bitcoin is sideways, and MA converged. Moving at low position for a long-term is not good for Bitcoin. 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 41500.
Resistance：43400-44400-45100
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