readCrypto

Bitcoin (BTC) - April 1 (4h)

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
It is expected to touch the uptrend line (2) within a few days.

If you touch this trend line (2), and there is no big move right away, whether the price is above or below the trend line is expected to affect the future price flow.

We need to see if we can rise above the 6543 point and the short-term downtrend line (3).
You should also check if you can get support from 1K EMA.

If it falls below the uptrend line (2), I think there is a high possibility that it will turn into a downtrend.
And, if it falls below the 5860 point, I think it is a downward trend.

The crossroads are expected to be decided around April 3rd (2nd-4th).
 
I would appreciate it if you could refer to yesterday's chart description for the rise.

Today's key points are 6543 points and 1K EMA.

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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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It is expected to touch the uptrend line (2) in a few hours.
Observe support at 6283.0 and see if you can ascend.
Approximate dates and times are indicated.
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[Example of exchange chart setup]

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

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