readCrypto

CME Bitcoin (BTC)-June 10 (Volatility period June 9-11)

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CME:BTC1!   Bitcoin CME Futures
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Today's gap is 9805~9905.

It fell after the Open was formed above the uptrend line (3) and the downtrend line (4).

In order to fill the gap, it is necessary to check if the Close is made by falling below 9805.

During the volatility period (June 9-11), there may be a lot of fluctuation.
Accordingly, we believe that careful trading is necessary.

For details, please refer to the previous analysis description.

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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 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

GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening
Comment:
In order to fill the previous gap, we need to make sure the closing price is generated in the 1D chart above 10200 points.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.