Coin World reported: JPMorgan Chase (JPM) stated in a research report that the price of Bitcoin may weaken after the halving of rewards. According to the analysis of open positions in Bitcoin futures contracts, the bank believes that the world's largest cryptocurrency will experience a downward trend after the halving, as the market is still in an overbought state. In addition, the price of the cryptocurrency is around $61,200, still higher than the bank's adjusted gold price after volatility (i.e. $45,000), and the estimated production cost after halving of $42,000. Historically, the production cost of Bitcoin has always been the lower limit of its price.

Market analysis:

BTC: Looking at the 4-hour chart, the price continues to stay below the Bollinger Band's midline, and the market continues to oscillate.

On the daily chart, the price is still constrained by the moving average, and the market continues to oscillate.

In summary, the support level is at 61800, and the resistance level is at 62300.

ETH: Looking at the 4-hour chart, the price continues to stay below the Bollinger Band's midline, and the market continues to oscillate, with the support level at 3000 and the resistance level at 3040.

LTC: The price is above the Bollinger Band's midline, and the price trend remains strong, with the support level at 80 and the resistance level at 84.

BCH: The price is attempting to stay above the Bollinger Band's midline, and the trend is stabilizing, with the support level at 470 and the resistance level at 500.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。