BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(BTCUSDTPERP 1D Chart)
1st resistance: around 49135.7
2nd resistance: around 62260.3

Support section: around 38200.0


The interval 46559.4-49345.9 is the interval that determines the trend.

However, since the 45163.4 point corresponds to the high point on the 1W chart, if the breakout attempt fails, it may drop below 37243.4, so careful trading is required.

The price must remain above the 42366.0 point to turn into an uptrend.



(1h chart)
Resistance: 44855.1-45163.4

1st support: 42207.1-42925.9

Since the high point has changed from 43790.5 -> 44855.1 , it is expected to try to break through the 44855.1-45163.4 section.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:
(UTC)
Comment:
(1h chart description)
As the price currently sits above the OBV indicator's point of 37817.2, the uptrend is likely to continue.

By raising the RSI : 80 point, we see an intention to move up further.

As the price is positioned above the CCI : +100 point, the potential for a surge exists.

As the StochRSI point is inverted, a decline is likely to find support at the 42125.5-42366.0 zone.

A decline near the RSI : 20 is likely to result in a sharp move.
Therefore, there is a high probability that there will be a movement that quickly departs from the 40189.4-42125.5 section.

The 37243.4-38547.8 section forms a strong support section.
Comment:
Some people found it difficult to see the chart because there are many lines, so I tried to remove the lines as much as possible before posting.

However, I think there is a limit to indicating the flow and volatility period required for trading.

Therefore, if you want to check additional information, please check the information posted separately on the Telegram channel.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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