BTC price movement is expected to rise slowly compared to other altcoins.
(This may not be the case, so careful judgment is required. I am talking only assuming that this flow occurs, so please do not make any mistake.)
If the BTC price rises above 13272.0 points due to a sharp rise, I think there is a possibility that it will lead to a sharp decline. At this time, if you touch the 10300.0 point or less, it is expected that it will immediately turn into a downtrend.
Accordingly, I think it is good for the BTC price to continue a slow and stable upward trend.
If you are investing in BTC or are planning to invest in BTC, I think a response strategy is needed for this situation, which is expected to rise slowly compared to altcoins.
** 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.)
Comment
(XBTUSD 1M chart + USDT dominance 1M chart) Let's see if the cycle is right.
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