On Friday morning, Bitcoin continued yesterday’s upward trend up to $44,000 followed by a drop, and currently is at $43,600. Chairman of the Federal Reserve: The Federal Reserve has no plan to ban cryptocurrencies. Reuters: If the Federal Reserve issues digital dollars, there will be no room for cryptocurrencies linked to the U.S. dollar. China Mobile and Industrial and Commercial Bank of China jointly completed a digital RMB wallet based on 5G and officially launched it. Nigeria postponed the issuance of the central bank's digital currency eNaira.
From technical perspective, the daily graph closed bullish, forming an engulfing pattern. Indicators were still bearish. On H4 graph, bitcoin was stable at a low position. MACD was close to 0 axis, MA formed Golden Cross at the low position. Overall, prioritise operation within the fluctuation zone. Open positions when there is a breakthrough. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 44300.
Resistance：44300-45000-46300
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