The market is showing quite positive movements after a sideways period.
1. Price Index & Volatility
• Current price: Approximately 1,738,000,000 VND (equivalent to about 68,200 - 68,500 USD).
• Increase: Bitcoin has maintained a green trend since the beginning of the day, with a growth rate of about 3.59% compared to the opening price.
2. Important technical milestones
Based on today's upward momentum, here are the levels you should pay attention to:
• Resistance area: 69,000 USD. If Bitcoin closes the daily candle above this level, it is highly likely to recover.
• Support area: 65,000 - 66,000 USD. This is an important "buffer" to maintain the current growth momentum.
3. Impactful news
The market today is supported by a few psychological factors:
1. Cash flow from funds: There are signs that financial institutions are starting to accumulate again after a slight correction last week.
2. Positive sentiment: The Fear & Greed index is gradually shifting from a "Neutral" state to "Greed", indicating that investors are more confident.
Note: Even though it is in an upward trend, the cryptocurrency market always carries the risk of sudden strong volatility. You should manage your capital carefully if you hold a large position.$BTC