(7/29, Thu) btc once reached almost 41k, which might turn 40k to support line at this time considering the volume on the 4hr chart

Yesterday(7/28 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $39475, its lowest as $38728, its highest as $40950, its closing as $39998. Bitcoin rose after Wednesday's start, breaking above $40,000 at 02:00, and after a weak correction, it rose to near 41k at 11:30 and reached a high and then declined, reaching a low at 18:00 and rebounding to a final gain of 1.3%.

If you look at the 4-hour chart, after btc fell to the 28k level on the last 5/19 and it failed five attempts to break through the 40k level, then tried three times during this rise and then fell again. What is different from the past is that the trading volume has increased by more than 30% compared to that time, which is why this rise is more promising.

And the volumes on the daily chart also increased by more than 10% from the previous day, making it possible to predict that this bull market will last longer. Bitcoin dominance has risen to 49.0, and as the cryptocurrency fear&greddy index, which was around 20 just a week ago, has risen to 50, investor sentiment, which has been holding its breath for a long time, seems to be improving.

In the financial market, the dollar index fell, bond yields fell, and the Nasdaq rose as it was announced that US Fed Chairman Powell would freeze interest rates and that inflation would be temporary and that it would maintain the same policy stance. And it was said that the market participants expect the FED will begin tapering early next year. Currently, the cryptocurrency market does not seem to be significantly affected by the movement of the financial market which I guess is good for the crypto market.