Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Bitcoin Halving has about 9 days left. It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
If I get support at point 8625, I think there is a possibility of an additional rise.
If it falls below the 8625 point, I think it will likely lead to further decline.
The 9080 point is an important point to go to High and I think it is a point that must be supported in order to make an additional ascent.
Given the flow of E and F, I think there is a possibility that the flow of D may touch the downward trend line (1) at the closing price.
However, since the Bitcoin Halving period is short, we need to watch what it will finish.
The expected flow is expected to end with a sharp decline in 1-2 days after the sharp rise. However, I don't think there is anything strange about falling from the current position.
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Rather than deciding to which point it will rise, I hope now that we can decide where to keep our profits and losses and close the upward trend with good results.
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See support, resistance, and abbreviation points. Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart R: Resistance point or section, where a counter is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
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We need to make sure that we can rise above the 8838.5 point after the time indicated on the chart.
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Point 8597 needs to be checked to see if it can be supported by the closing price of the 1D chart.