readCrypto

Bitcoin (BTC) - August 10 (1h)

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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We'll see where it's located after the time shown on the chart.


(1D chart)
You need to see if you can get support at the uptrend line (4).
We will also see if we can get support at 11516.5.

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(USDT Dominance 1D Chart)
Volatility is possible around August 10th (August 9-11).
Therefore, I think careful trading is necessary.

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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.)
Comment:
(XBTUSD 1D chart)
Touched the uptrend line (1).
At 11516.5 points shown on the chart, we need to see if we can still get support at the uptrend line (1) and at 11516.5 points after hours.
Since it is a period of volatility, I think it is better to check the market situation than to respond quickly.

(USDT Dominance 1h Chart)
It is shaking up and down around the 2.863 point.

(BTC Dominance 1D Chart)
It is falling below the downtrend line.
We will see if we can move down to 56.74-58.02 as it is.

We must be wary of touching the 63.38 point after August 11th, rising above the downtrend line.

[Example of exchange chart setup]

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

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