Bitcoin (BTC) - July 10

Updated
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(BTCUSDT 1W Chart)
snapshot
Resistance: 27033.35-29812.52

Primary Support: Around 21475.02
2nd Support: 13137.51-15916.68

The key is whether it can be supported at 21475.62 or higher and enter the bottom of the Bollinger Band (60).


It's an important period of volatility around next week.



(1D Chart)
It is necessary to check if there is any movement deviating from section 18719.11-22487.41.

If it rises above 21475.02-22487.41 and is supported, it is expected to shift to an upward trend from a short-term and medium-term perspective.

However, careful trading is required as resistance is expected near the upward trend line.


The next period of volatility is around July 13.



As with the previous trend, careful trading is required because it may not break through the MS-Signal index upward and lead to a large drop.

In order for the MS-Signal index to shift to an upward trend, it must rise above 22487.41, shake it up and down, and rise.


However, since it will be supported around 21475.02, it is expected that there will be little room for the rise.

I think we need to walk sideways for about two more months to get the momentum around 21475.02.


It is expected to continue the upward trend from a mid- to long-term perspective only when it rises above 29812.52.

Therefore, below 29812.52, we have to proceed with the transaction from a short-term perspective.

However, rather than receiving profits in cash, it is better to increase the number of holdings.

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** All indicators are retrograde indicators.
So, it's important to know that the indicators move along with the price and volume of the transaction.
However, for convenience, I'm talking upside down for interpretation of the indicators.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying the formula to the Depth House Trading index released by Oh92. (Thank you.)
** Support or resistance is the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee gains or losses in the investment.

(Short-term Stop Loss is a point where profit or loss can be preserved or additionally entered as a split transaction. It's a short-term investment perspective.)

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Note
(BTCUSDTPERP 1h chart)
(UTC) snapshot
Bitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTbtcustperpChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominance

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