On Friday morning, Bitcoin rose and fell back from 55000. Current price is at 53900. Bank of America: 14% of the U.S. population holds cryptocurrency, and the U.S. SEC approved the investment in the Volt ETF which will invest in Bitcoin. It is rumored that TSMC will comprehensively increase the production capacity of 7nm and 28nm processes. Microsoft will launch a "decentralized" digital identity system based on blockchain technology. 93% of companies in El Salvador still do not support Bitcoin payments.
From a technical perspective, the daily graph closed by bearish Doji pattern which indicated the market was under pressure, but the indicators are still bullish. The probability of fluctuation short-term has increased. On H4 graph, Bitcoin formed upper ladder. RSI weakened while other indicators showed bullish sign. Overall, prioritise Buy. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 50400.
Resistance：54600-55800-57000
Support：53000-51800-50000
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