Bitcoin (BTC)-July 6 (Sign of a new departure!!!)
Updated
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The movement between the downtrend lines (1) and (3) is increasingly evident.
I think this is because the gap between the downtrend lines (1) and (3) is decreasing.
Although it is supported at 9004, I think it will fall below the downtrend line (1) if it does not rise above the downtrend line (3).
You should also check if you can get support from the long-term downtrend line (2).
(1h chart)
Touched 2K EMA three times to show a new sign of departure.
Although it is currently supported at 9004 points, I think there is a possibility that it will touch the 9274 point rapidly or move out gradually to fall below 2K EMA.
As a result, I think it will move out of its current position (boring sideways).
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(Binance BTCUSDTPERP 1D chart)
Around July 3rd (from July 2nd to 4th), it failed to rise above 9204 points and fell below 9055.07 points.
We need to see if it will fall along the downward trend line (4).
The next period of volatility is around July 8 (July 7-9).
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(OKEX BTCUSDTPER 1D chart)
You need to make sure you can get support at point 8721.8.
Also, you need to make sure you can get support by rising above the 9148.5 point.
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(bithumb BTCKRW 1D chart)
You need to make sure you can get support at 10727000 points.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
The movement between the downtrend lines (1) and (3) is increasingly evident.
I think this is because the gap between the downtrend lines (1) and (3) is decreasing.
Although it is supported at 9004, I think it will fall below the downtrend line (1) if it does not rise above the downtrend line (3).
You should also check if you can get support from the long-term downtrend line (2).
(1h chart)
Touched 2K EMA three times to show a new sign of departure.
Although it is currently supported at 9004 points, I think there is a possibility that it will touch the 9274 point rapidly or move out gradually to fall below 2K EMA.
As a result, I think it will move out of its current position (boring sideways).
-------------------------------------------------- ------
(Binance BTCUSDTPERP 1D chart)
Around July 3rd (from July 2nd to 4th), it failed to rise above 9204 points and fell below 9055.07 points.
We need to see if it will fall along the downward trend line (4).
The next period of volatility is around July 8 (July 7-9).
-------------------------------------------------- ------------
(OKEX BTCUSDTPER 1D chart)
You need to make sure you can get support at point 8721.8.
Also, you need to make sure you can get support by rising above the 9148.5 point.
--------------------------------------------------
(bithumb BTCKRW 1D chart)
You need to make sure you can get support at 10727000 points.
-------------------------------------------------- -----------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Note
(USDT Dominance 1D Chart)It is necessary to check if it can fall below the uptrend line (1) around July 5 (July 4-6).
Also, if you can't fall below 3.55, you're likely to touch 3.72.
(BTC Dominance 1D Chart)
It is appearing that USDT dominance is going to keep falling as opposed to the move that is going to continue rising.
If the BTC dominance continues to decline towards the 63.38 point during the period from July 6 to 22, altcoin pumping is expected with altcoin bullish.
In particular, I think there is a possibility that there will be a lot of movement around July 6 (July 5-7) and July 22 (July 21-23).
Note
(XBTUSD 1h chart)There is a slight lack of power in ascending.
I need to check if I can touch more than 4274 points.
Note
There is a typo in the above update to fix it.It is 4274 -> 9274. Sorry.
Note
(USDT Dominance 1D Chart)It is falling below 3.55.
We need to make sure we can get resistance at 3.55.
The most important thing is to drop below 3.48, so we need to check the situation carefully.
Note
On the 24th of June, I fell below 700EMA and touched 1K EMA, so I climbed above 700EMA.
Also, more than 9274 points were touched.
First of all, I think it's the most important thing in the current rise whether you can get support from the downtrend line.
Also, we need to make sure we can get support by rising above 9274.
If you can move along with support above the downtrend line, you will have a chance to rise again significantly.
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