BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Now you need to get support at point 7060.
And, at point 6946, you have to be absolutely supportive.

BTC touched between 50EMA and 700EMA.
Also, the downtrend line (3) was touched.

The downtrend line (3) is a meaningful trend line that crosses half of the downtrend.
I think if you climb above this downtrend line (3) and get support at the 7435 point, you'd be more excited.

To do this, you need to be supported on or above the rising trend line (2) to rising trend line (1) until after 09:00 ( UTC ). (18:00 ( UTC + 9))

The first is getting closer to the 7757 point, which is expected to show strong resistance.

Therefore, you can shake the price up and down more.
At this point, you should look closely at where you are supported.

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It is time to focus on selling rather than buying to preserve profits.

For reference, the EMA shown on the chart is the EMA on the 1D chart.

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Comment:
Comment:
Comment: The short-term entry point is between 50EMA and 7299 points.
However, it is not recommended because of the high psychological burden.
Comment:
Leave everything and compare the two charts (XBTUSD, USDT.D).
However, you should also take into account that some USDT dominance flows into the Alts.

The third chart is the BTC Dominance Chart.
I think the rise and fall of the BTC Dominance Chart does not affect the BTC price, but rather the price side of the Alts.
The decline in BTC dominance could mean that more funds were going towards Alts.
Comment:
Last update today.

USDT dominance is showing sideways before falling below 3.0.
If you stay near the 3.12 point, it is expected to drop below 3.0.

Accordingly, the price of BTC is also expected to be flat in the 50EMA ~ 7435 range.
It can fall to a maximum of 7060 points.

Comments

readCrypto Protixder
@Protixder, Thanks for the good comments.
Reply
Great work
Reply
1000000% WRONG
Reply
readCrypto King_Sultan
@King_Sultan, Please provide your opinion.
Reply
You’re saying it is preferably time to look for exits, where do you see reentry?
Reply
@Netxpert, I don't think there is any place to buy in the current trend.
Reply
readCrypto readCrypto
@readCrypto, When the position to buy is available, we will explain it when we publish the chart.
Reply
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