Bitcoin (BTC) - June 4 (Volatility period June 3~5)
Updated
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We need to make sure we can rise above the 9649.5 point, which is the approximate point where the uptrend line (3) and the downtrend line (4) intersect.
You should also check if you can climb above 9728.5.
If you rise above 9728.5, you must be supported at 9728.5 for further gains.
If you deviate within the high volume profile section (9415~9728.5), the movement of BTC is expected to accelerate.
Accordingly, if you need to see if it falls below the 9415 point, you should also check if you can rise above the 9728.5 point.
Since it is currently in the volatility period (June 3~5), I think it is good to check the movement of BTC until it leaves the A section or the B section.
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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: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits 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.
I am a person who does not speak English well. So, it's very likely that you're using the wrong word. Please understand this.
We will try to improve it in the future.
--------------------------------------
We need to make sure we can rise above the 9649.5 point, which is the approximate point where the uptrend line (3) and the downtrend line (4) intersect.
You should also check if you can climb above 9728.5.
If you rise above 9728.5, you must be supported at 9728.5 for further gains.
If you deviate within the high volume profile section (9415~9728.5), the movement of BTC is expected to accelerate.
Accordingly, if you need to see if it falls below the 9415 point, you should also check if you can rise above the 9728.5 point.
Since it is currently in the volatility period (June 3~5), I think it is good to check the movement of BTC until it leaves the A section or the B section.
------------------------------------------------
** 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: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Note
Binance BTC futures chart.Check support and resistance points or sections.
Note
(XBTUSD 1h chart.)On June 4th, we need to see if we can get more support and rise above the uptrend line (1) at 9544.5, the roughly midpoint of the high volume profile section (9415-9728.5).
Also, if you fall at 9544.5, you should also check if you can get support at 9415.
Note
Before the date shown on the chart, you need to make sure you can still get support above 9728.5.
You should also check the direction of the BTC after the time indicated on the chart.
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