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Today’s Headline

Chinese payment giant Alipay has released a new payment code skin NFT collection called “The Tribulation of the Green Snake—the Green Snake’s Skin” and “the White Snake’s Skin” on its AntChain. 20,000 copies have been sold so far at 10:00 am on August 12, and a total of 60,000 copies will be sold at 14:00, 17:00 and 20:00. The payment code skin NFT was issued by Tianjin Duanhe Naqu Technology Co., LTD. The IP background of the NFT collection is the animated film White Snake 2: The Tribulation of the Green Snake, directed by Huang Jiakang. In addition, AntChain will also release Feng Zikai’s cartoon skin NFT on August 19.

Bingbon Chart

Source: TradingView& Bingbon

Bitcoin price is facing a strong resistance near $49,000. BTC is likely to soar if it continues to struggle above the $49,000 resistance. Many people expected 2021 to become the next bear cycle. Instead, Bitcoin and other markets are now forming a long-term up momentum. A clear break above the $49,000 will send BTC to start another increase. In fact, the price might easily rise towards $55,000. 

The first major support is now near the $45,000 zone. Therefore, a sudden downside break below the $45,000 support zone could trigger a sharp decline. The next major support could be $43,000. It should be noted that the $49,000 – $50,000 range used to be heavily traded. It remains difficult for Bitcoin to break out of this range, and it is an important observation to see if the current market sentiment is fragile.