Bitcoin (BTC) - July 1 (Can a new wave come out!)
Updated
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You need to make sure you can get support in the section 9004~9080.
Volatility may occur around July 2 (July 1 to 3).
If you fall below the downtrend line (1) or below 8870, you are likely to touch the 8463 point.
At this point, you need to make sure you are supported by the downward trend line (2) or higher.
If you rise above the downtrend line (3) or above 9274, you must show support at the downtrend line (3) or point 9274.
(1M chart)
We need to make sure we can climb above 9209.
If it falls, you need to make sure you can get support in the 7783~8512 section.
If we can support and sideways in the 7783~8512 section, I think there is a possibility that a new wave will be created.
I think the most important point on the XBTUSD chart is at 6543.
(1M magnification chart)
I think it is most important to be able to get support in section A.
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(Binance BTCUSDTPERP 1D chart)
We need to make sure we can continue to receive support from the downtrend line (4).
With support from the downtrend line (4), we need to see if we can rise above 9204 around July 3rd (July 2-4).
I think there is a possibility of volatility.
It is a period of volatility from June 23 to July 8, but I think the period that can move out again in the middle is around July 3 (July 2 to 4).
If we rise above the 9204 point and we get support at the 9397 point, I think the upward trend could be formed.
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(OKEX BTCUSDTPERP 1D chart)
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(Bithumb BTCKRW 1D chart)
I am sideways on the 10727000~11800000 section.
It is necessary to check if you can get support in the section of 9246000~10502500, which is the section based on the Fibonacci retracement ratio.
If it rises above the 11210000 point, I think that it must be supported by the 11210000 point.
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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 the counter 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.
--------------------------------------
You need to make sure you can get support in the section 9004~9080.
Volatility may occur around July 2 (July 1 to 3).
If you fall below the downtrend line (1) or below 8870, you are likely to touch the 8463 point.
At this point, you need to make sure you are supported by the downward trend line (2) or higher.
If you rise above the downtrend line (3) or above 9274, you must show support at the downtrend line (3) or point 9274.
(1M chart)
We need to make sure we can climb above 9209.
If it falls, you need to make sure you can get support in the 7783~8512 section.
If we can support and sideways in the 7783~8512 section, I think there is a possibility that a new wave will be created.
I think the most important point on the XBTUSD chart is at 6543.
(1M magnification chart)
I think it is most important to be able to get support in section A.
-------------------------------------------------- -------------------
(Binance BTCUSDTPERP 1D chart)
We need to make sure we can continue to receive support from the downtrend line (4).
With support from the downtrend line (4), we need to see if we can rise above 9204 around July 3rd (July 2-4).
I think there is a possibility of volatility.
It is a period of volatility from June 23 to July 8, but I think the period that can move out again in the middle is around July 3 (July 2 to 4).
If we rise above the 9204 point and we get support at the 9397 point, I think the upward trend could be formed.
-------------------------------------------------- ----------------------
(OKEX BTCUSDTPERP 1D chart)
-------------------------------------------------- ---------------------
(Bithumb BTCKRW 1D chart)
I am sideways on the 10727000~11800000 section.
It is necessary to check if you can get support in the section of 9246000~10502500, which is the section based on the Fibonacci retracement ratio.
If it rises above the 11210000 point, I think that it must be supported by the 11210000 point.
-------------------------------------------------- ----------------------
** 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 the counter 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)Around July 2nd (July 1st-3rd), it is necessary to check whether it can fall below the 3.48 point or below the uptrend line (1).
If you don't get resistance at least 3.55 or less, I think you are likely to rise above the 3.72 point and rise toward the 4.16 point.
Note
(BTC Dominance 1D Chart)In the BTC Dominance Chart, there have been many changes as the uptrend line (1) and the downtrend line (2) intersect.
(XBTUSD 1D chart)
As it continued to decline after May 9, it is on the sideways up to now, touching the upward trend line (1) and 65.89 points around June 7.
As you can see from the USDT dominance chart, a lot of money is now preparing to enter the coin market.
I think it is important that this money can be used to buy coins.
If the movement to use the funds to buy coins is not made during the period from July 6 to 22 as indicated in the BTC Dominance Chart, it is expected that the price of coins will drop significantly as it rises above the 67.44 point.
Note
Bollinger Bands are starting to converge.We must see if we can get out of boring moves.
(1h chart)
(1D chart)
Note
(XBTUSD 1h chart)It's rising above the top of the Bollinger Bands.
We need to make sure that we have risen above 9274 after the time indicated on the chart.
If you fail to rise above the 9274 point, you are likely to touch below the 8463 point.
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