Bitcoin (BTC) - June 30

Updated
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(BTCUSDT 1W Chart)
snapshot
Resistance: 27033.35-29812.52

1st support: around 21475.02
2nd support: 13137.51-15916.68

The key is to find support and move higher near 21475.52.

If it falls below 19695.87 and finds resistance, it is likely to decline to the 13137.51-15916.68 section, so careful trading is required.


The 19695.87-21475.52 section is the previous high, so it is expected to rebound if supported.

This rebound is expected to be classified as an uptrend or a rebound depending on whether it breaks through the uptrend line.



(1D chart)
It is necessary to check whether there is a movement that deviates from the section 19695.87-22487.41.

If it moves above 22487.41, you should check for resistance near the uptrend line.

If it falls below 19695.87, you should check to see if it is heading towards 15916.68.


Conditions have been created for temporary volatility to occur.

As a result, there is a possibility that slightly large volatility may appear, so careful trading is required.

This volatility could touch the area around 18719.11 and move higher, and a decline below 18719.11 could lead to further declines.

Also, if it rises above 21475.02, it must be supported.

If not, it is expected to lead to further declines.


The next volatility period is around July 13th.


The trades below are valid until they fall below 19695.87.
(buying)
- After confirming the support in the section 21475.02-22487.41

(Stop Loss)
- When it falls below 19695.87 and receives resistance

(Sell)
- When resistance near an uptrend line
- When resistance is received in the section 27033.35-29812.52


You have to rock it up and down to form the bottom section.

Therefore, sideways with large fluctuations will make the bottom section faster than sideways with small fluctuations.

Forming a bottom section does not guarantee an immediate rise.

Also, it is unlikely to actually lead to a buy.

This is because they feel psychologically insecure.

I think the point to start real buying out of this psychological anxiety is when it rises above 29812.52.

If you want a lower average bid price than others, you should buy below 21475.02.

However, you need to prepare for a decline in the 13137.51-15916.68 section before proceeding with a split purchase.

In addition, when the price rises through a transaction for each split purchase unit price, the psychological burden should be reduced as much as possible by selling as much as the purchase principal (including transaction fees) to increase the number of holdings.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Note
(BTCUSDTPERP 1h Chart)
(UTC) snapshot
Whether or not it can rise above 20570.1 and find support is the key.

To do so, it must be supported in the 20103.5-20570.1 section.

If not, there is a possibility that it will move towards the 18741.7 area.
Note
(BTCUSDT 1D Chart)
snapshot
It is falling below 19695.87.

If it does not find support near 18719.11, it is likely to drop below 15916.68, so trade cautiously.

The closer we get to 15916.68, the more likely we'll see a sharp rise.

This sharp rise is expected to lead to a shake up and down.
Bitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTbtcusdtuerpChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominance

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