Bitcoin (BTC) - Sep 4 (1h)
Updated
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With support at the uptrend line (4)-(5), it remains to be seen if it can rise along the trend line.
If it does not fall below the 10088.5 point, I think we can continue the upward trend.
If you go down to the 10300.0-ascending trend line (5) and sideways, I think you need to trade in installments to preserve profit and loss.
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(USDT Dominance 1h Chart)
The trace that touched the 5.003 point as an anomaly appears to be corrected.
The 4.163 point is currently the highest high point.
We'll see if we can get resistance at 4.163 and drop.
Depending on when the newly issued tether purchases in the coin market, it will affect the rise and fall of the coin market.
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(BTC Dominance 1D Chart)
Compared to the change in BTC price, the change in BTC dominance is small.
I think this means that there is still anticipation for the rise.
If it does not rise above the downtrend line (1), it is expected to eventually fall to the 56.740-58.020 section.
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I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
With support at the uptrend line (4)-(5), it remains to be seen if it can rise along the trend line.
If it does not fall below the 10088.5 point, I think we can continue the upward trend.
If you go down to the 10300.0-ascending trend line (5) and sideways, I think you need to trade in installments to preserve profit and loss.
-------------------------------------------------
(USDT Dominance 1h Chart)
The trace that touched the 5.003 point as an anomaly appears to be corrected.
The 4.163 point is currently the highest high point.
We'll see if we can get resistance at 4.163 and drop.
Depending on when the newly issued tether purchases in the coin market, it will affect the rise and fall of the coin market.
-------------------------------------------------- ---
(BTC Dominance 1D Chart)
Compared to the change in BTC price, the change in BTC dominance is small.
I think this means that there is still anticipation for the rise.
If it does not rise above the downtrend line (1), it is expected to eventually fall to the 56.740-58.020 section.
--------------------------------------------------
I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Note
(XBTUSD 1W chart)You need to make sure you can get support from 10088.5-10300.0 over the weekend.
(BTCUSDT 1W chart)
You need to make sure you can get support from 10174.18-10589.45 during the weekend.
Note
(USDT Dominance 1h Chart)After the time indicated on the chart, you should see if you can move below the uptrend line and below the 4.163 point.
I think that there is a high possibility that the price of coins will increase only if USDT dominance falls.
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