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Bitcoin (BTC) - July 3

BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.

If volume fails to increase, the current price increase is likely to be an upside for a larger decline.

Looking at the USDT 1D chart, it is showing a short-term downtrend.
If this trend continues, it is highly likely that the price will not support and lead to a decline.


(1D chart)
If it fails to rise above the 34107.5 point, it is expected to touch the 31536.5-32290.5 segment.

However, if the price holds above the 33509.5 point, short-term gains may occur.
At this point, if it can move above the 35080.5 point, further upside is expected.

If the price is maintained in the 31536.5-40600 range, it is expected to turn into an uptrend.

The next volatility period is around July 23rd.

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(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.

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(BTCUSDTPERP 1D Chart)
If it declines from the 33527.51-33999.52 section, it is expected that the downtrend will continue.

The support interval is the 31292.61-32275.63 interval.

If it rises above the 33999.52 point, a short-term rise is expected to touch the 35096.50-35746.28 section.

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(BTCKRW 1W chart)
If the price is maintained above the 31500000-35545000 range, it is expected that the uptrend will continue.


(Upbit BTCKRW 1D Chart)

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(BTC Dominance (BTC.D) 1D Chart)
We will have to wait and see if BTC Dominance can touch the 47.64-48.81 range and move lower.

If it touches the downtrend line (1) and goes down, the price of altcoins is expected to show a quick recovery.

If BTC Dominance rises above the 56.78 point, we expect the coin market to start a strong bearish market.

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(USDT Dominance (USDT.D) 1D Chart)
If USDT dominance declines, the coin market is most likely in an uptrend.

We will have to wait and see if we can move below the downtrend line (2).

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(USDT 1D Chart)
I think the rise in the gap is a sign of money flowing into the coin market.
Conversely, I think that the gap drop is a sign of money being pulled out of the coin market.

If the rise of the gap continues, the coin market is expected to rise in the near future.

If there is a continuous gap drop, it means that funds are flowing out of the coin market, so careful trading is necessary.

It seems that funds started to stagnate from June 6th, and funds started flowing out from June 23rd.
Accordingly, it fell below the 62.541B point and below the July 1st uptrend line.

If the price falls below 61.765B, it is likely to touch 56.607B, so be careful.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading.

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

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

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

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