Bitcoin was stable in early trading on Tuesday, and the total market value of global digital currencies rose by about 3.20% from last week. The current stock of Bitcoin in centralized trading platforms is about 2.463 million, the lowest level in three years. The first Bitcoin ETF surpassed US$2.3 billion in two weeks of listing.
From a technical perspective, the daily graph was bearish and closed by Doji Star. Bitcoin fluctuated within a small interval. On H4 graph, BOLL narrowed. Bitcoin’s candle fluctuated within a small interval. Short-term indicator lost direction and Bitcoin seemed to be almost at a breakthrough. Overall, prioritise operation within fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 59500.
Resistance：62000-62500-63700
Support：60000-59500-57500
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