Bitcoin (BTC) - April 4 (1h)

Because CME's BTC is closed, BTC's short-term flow is published separately.

5 EMA and 20 EMA are golden cross. (The EMA shown on the chart is the EMA on the 1D chart.)

In addition, it is supported at 6688.5, which is the turning point of the upward trend.

The short-term uptrend line (1), we need to see if we can rise above point 6784.

In the short term, point 6543 is the Stop-Loss point, and in the mid- to long term, it is a point that must be supported.

Also, the 6204 branch is a Stop-Loss branch for both short-term and long-term perspectives.

The downtrend line (3), 50EMA, and 700 EMA are passing between 7060 and 7435.
I think this is an important goal for ascension.

Naturally, it is most important to gain support by rising above 7K.

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I think it is a good idea to stop trading and watch the trend during the period of large fluctuations from April 3rd (2nd to 4th).

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Most altcoins are affected by the flow of BTC and are gradually losing power.

In this case, you need to be careful about altcoin trading.
We believe that the altcoin must have a lower USDT dominance in order to gain power.

Before trading altcoins, it is recommended to check the flow of the USDT Dominance Chart and the BTC Chart first.

USDT dominance chart.

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Comment:

If USDT dominance falls below the 3.21 point, there is a possibility of a downward trend.
If USDT dominance goes down, the price of coins will go up.
We need to make sure we can drop below the minimum 2.97 point.

Comment:

BTC is supported at 6688.5.
If you fall without support, you can touch the uptrend line (2).

USDT dominance continues to rise.
You need to confirm that you want to touch the 3.37 point.

Comment:

XBTUSD Chart
MACD is about to become a gold cross.
StochRSI is on the rise.

USDT.D chart
MACD is about to become dead cross.
StochRSI is down.

Comment:

If you continue to get support at point 6688.5, you need to keep an eye on important time frames.
You need to touch the short-term uptrend line (1) and see if it goes up or down.
When I touch the short-term uptrend line (1) and fall, I think it is important to get support at 6784.

Comment:

Comment:

I have nothing to say because I am on the sideway.
Last update today.