Bitcoin (BTC) - August 11

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We will see if we can deviate from the 11516.5-11971 section.

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(USDT Dominance 1D Chart)

Since August 10-16 is the volatility period, I think it is important to check the flow to understand the situation.
I think there is a possibility of more volatility around August 10 (August 9-11) and August 16 (August 15-17).

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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 should trade from a short-term investment perspective.)

Comment:

(XBTUSD 1h chart)
(UTC)

We are approaching a significant period of volatility (around August 16).
I think there is a possibility to determine the trend in the second half of this year.
Therefore, I think it is necessary to check the market flow well.
I think it is necessary to respond to the market with a more relaxed support and resistance point than a quick response to preserve profit and loss.

The entry point, target point, and stop loss point must be determined before investing.
Some modifications can be made after the investment, but I think the points determined before entry are the best fit, so I don't think a major modification is necessary.

We hope you will preserve profits and losses and maximize profits through split trading.

Comment:

(USDT Dominance 1D Chart)

We'll see if the approximate point at which the uptrend line and the downtrend line intersect, the 2.836 point, could be down after the time indicated on the chart.
(August 11, 15:00 (UTC))

If the reference point is at 2.863 and below the 2.863 point, the downtrend is intact.
The fact that USDT dominance is on a downtrend means that the coin market is likely to be on an uptrend.

Comment:

(XBTUSD 1h chart)

Touched the uptrend line (1).
It is also located in the section 11516.5-11631.5.

You need to make sure you can get support at 11516.5 points at the time indicated on the chart (August 12, 10:00 (UTC)).
If it goes down, we need to see if we can get support at 11268.5.

If after 17:00 (UTC) on August 13, if it has fallen below the 10968 point, it is possible to touch the 10163-10300 range.

I think it's just the beginning of the volatility period from August 10-16.
I think there is a possibility of a large volatility again in the last period, August 15-17.

Comment:

(BTC Dominance 1D Chart)

I think it is necessary to focus on the movement of BTC dominance in the movement of the market.
If BTC dominance rises above 63.38 points, I think there is a possibility that the coin market as a whole will turn into a downtrend.
So, you need to make sure you get resistance at 63.38.