BAKKT Bitcoin (BTM1!) - October 8

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Today's gap is 10702.5-10687.5. (Not shown on the chart.)

You need to make sure you can get support at 10622.5.

If you decline at 10622.5, you need to make sure you are getting support at the uptrend line (2).

If I get support above the uptrend line (2) by around October 15th, I think there will be a move to touch the downtrend line (4).

If you fail to challenge the downtrend line (4), you may have an accelerated downtrend, so be sure to check the flow.


( CME Bitcoin ( BTC1! ) 1D chart)
Today's gap is 10720.0-10735.0. (Not shown on the chart.)

We have to see if it can rise above the uptrend line (1) or the 10835.0 point.

You'll also need to see if you can rise to the 10895.0-11230.0 interval, creating an expectation for the upside.

It remains to be seen whether it falls below the 10460.0 point, creating an accelerated downtrend.

If you can keep the price above 10460.0 points during the volatility period on this USDT Dominance Chart, we think it will likely rise to the 10895.0-11230.0 range around October 12th.


** 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.)

GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: The market price at the time of opening


Detailed analysis, thanks for the hard work...
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