The crypto-market remained bullish . Some cryptocurrencies outperforming BTC this week. The belief of bulls in the market has shifted from extremely low prices to valuable projects, which in the past has often accompanied the emergence of bull markets.

In the last week, the given support level came into play, and the price rose quickly after touching the support level . It is obvious that the bears have increased last week, and the bulls feel tired. The price has remained within a narrow range, which is quite different from past stage of rebounds.
Conclusion:Mostly fluctuation, and it has high probability of rising than falling after fluctuation. Although the bulls have weakened, the foundation established before is difficult to be reversed by the bears. We think the price is more likely to move with a flatter slope. This week we moved the resistance level to 47700. This is not a level which contains a lot of selling pressure, but it is a guidance for the subsequent trend. And we have retained the support level (44500).

If you have any ideas, welcome to communicate with us:)

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