CME Bitcoin (BTC)-July 7 (variability period from July 7~9)

Jul 6, 2020

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Today's gap is between 9355 and 9350.

Volatility may occur around July 8 (July 7-9).

I think this volatility is on the crossroads of rising above 9470 and falling below 9220.

During this period of volatility, you need to make sure you can touch above the downward trend line (3).
You should also check if you can get support above 9470.

If you drop below 9220, you need to make sure you get support at 8720.
You should also check if you are supported by the downtrend line (2).

Unexpectedly, you can do sideways on the 9220~9470 section.
If this happens, I think there is a possibility that the bull market of altcoins will start.

The overall shape of the chart is currently downtrend.
You have to think about this.

In order to transition from a one-day trend to an upward trend, you must be supported at points above 9470.

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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

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