Bitcoin (BTC, including short-term strategy) - December 4Hello?
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It is rising at the uptrend line (1) and at 19287.5.
It must be ensured that it is supported at point 19287.5.
If it gets support at 19287.5, it is expected to rise above the 20093.0 point.
If it falls from 18751.0, it is a short stop loss.
As we get closer to the A section (previous high), we think there is a possibility that the selling price will increase.
This is a natural psychology, and I think that the fear of decline is inevitably increased.
Therefore, it is often accompanied by a strong volume to break through the A section and the previous high.
The price is on the rise as the volume declined for two consecutive days after the decline on December 1st.
I think this is because the number of people trying to sell has declined that much.
If this flow does not work from the 19700 point or higher, a strong buy should come out with a strong volume increase.
It is expected that there will be attempts to break through whatever trend comes out.
So, be careful about price fluctuations.
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(BTC Dominance 1D Chart)
We have to see if we can get resistance at 63.38 and move down.
If it goes up, you need to make sure you get resistance at the uptrend line (5).
If BTC price surges or plunges, BTC dominance often rises.
And, when BTC price rises, altcoins' prices sometimes rise.
Even in this case, there are times when BTC dominance rises.
I think that the above movement should not occur at 63.38 and 67.44, which are considered important among the BTC dominance points.
I think that the price of altcoins rises only when they fall unconditionally.
If not, I think altcoins will fall unconditionally. (Excluding circulation pumping of some coins.)
The 63.38 and 67.44 points seem to be the points of volatility.
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(USDT Dominance 1D Chart)
We'll have to see if it can decline in the 3.285-3.374 range.
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** 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 profit generation 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.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
