Bitcoin (BTC) - June 20 (Let's get off the downtrend line!)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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You need to make sure you get support at point 9274.

You should also check if you can rise above 9481.

After 50EMA and 60SMA cross, we need to watch the price change.

After June 21st (June 20th-22nd), you should check if you can rise above the downward trend line (3).

If you do not deviate from the downtrend line (3), you will eventually fall.

Please refer to the previous analysis for details.


(Binance BTCUSDTPERP 1D chart)
It is located on the 9204~9397 section, falling from the uptrend line (3).
The movement from June 20th to 28th is expected to affect the direction of July.
I think it's important to keep getting support at point 9204.


On the 20th of an important day, it fell from the uptrend line (1) and 9399.8.
We need to make sure we can quickly climb above the 9399.8 point and the uptrend line (1).
If you touch the 9148.5 point with this decline, you are expected to touch 50EMA and 60SMA.


** Check 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 profit or loss on investment.

Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure 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
Comment: (XBTUSD 1h chart)

Small, but sudden movements have been made.
If you can get support above 9274, you are likely to rise above 9415 after the time indicated on the chart.

If you don't get support at point 9274 and you touch 50EMA on the 1D chart again, you are likely to fall to touch below 9004.

In order to continue the upward trend, I think it must have risen above 9481.


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readCrypto odiseh1
@odiseh1, Thanks for leaving a comment.
Very detailed analysis. A bit hard to read though...
readCrypto Phi-Deltalytics
@Phi-Deltalytics, Thanks for leaving a comment.