On Monday, Bitcoin stabilised and reached bottom position, testing the highest level at $63,689, and currently fluctuates around $65,000. The inflow of funds from cryptocurrency funds reached a record high of $1.47 billion last week. SEC Chairman: The cryptocurrency market lacks investor protection. Tesla plans to restart cryptocurrency payments, and the current market value is approaching BTC. Korean media: The Korean Mutual Aid Association of Faculty and Staff, which manages more than 40 billion U.S. dollars, will invest in Bitcoin ETF.
From a technical perspective, the daily graph closed bullish. MA5 and MA10 converged. Bitcoin was above 60000, showing that it's still bullish. On H4 graph, BOLL narrowed. Middle BOLL Band and MA were intertwined, the market relatively neutral. MACD was around 0 axis. 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 63700.
Resistance：63700-64000-67000
Support：61500-60000-58000
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