On Wednesday, Bitcoin broke through the key resistance level, reaching a low of $57,990 and currently fluctuates at $59,000. It took the shortest time for Bitcoin's market value to grow to $1 trillion. Wall Street Journal: The SEC will not give the green light to leveraged Bitcoin EFT. El Salvador bought 420 bitcoin again. UBS CEO: Cryptocurrency is not an investment; it is more of a speculation.
From a technical perspective, the daily graph closed bearish without shadow, breaking through the support at 59500. MA formed Death Cross at high position. On H4 graph, BOLL widened downward. MA diverged, MACD moved below 0 axis and the bearish sentiment strengthened. Overall, bitcoin was under pressure. If it did not manage to stabilize above 60000, prioritise Sell short-term. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 59500.
Resistance：59500-60000-61500
Support：58000-56600-54000
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