The key is whether it can rise above 237.60
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(SOLUSDT 1M Chart)
To understand the strangely drawn trendline, you need to refer to the StochRSI indicator.
This is because the StochRSI indicator was used to draw the trendline.
When the K indicator of the StochRSI forms a peak in the overbought zone, a trend line is drawn by connecting those peaks. When the K indicator forms a peak in the oversold zone, a trend line is drawn by connecting those peaks.
When drawn this way, the trend line drawn in the overbought zone becomes the high trend line, and the trend line drawn in the oversold zone becomes the low trend line.
However, due to the long timeframe of the 1M chart, the high and low trend lines are not separated and are instead displayed as a single line.
Of the three trend lines, we need to determine whether the upward trend can continue along trend line (1).
The DOM (60) indicator is forming at 237.60, so the key question is whether it can break above this level.
Illegible areas are marked with circles.
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(1W Chart)
Looking at the explanation of the big picture below, a major bear market is expected to begin in 2026.
However, the trend lines drawn on the chart suggest that the upward trend could continue until the first quarter of 2026.
With time remaining until the end of 2025, we need to closely monitor BTC's movements.
The DOM (60) indicator on the 1M chart is at 237.60, so the key question is whether it can break above 237.60 and maintain its price.
However, the DOM (60) ~ HA-High range formed in the 202.45-222.61 range on the 1W chart, so whether it can find support within this range is crucial.
Accordingly, the volatility period on the 1W chart is the period around the week of September 29th, i.e., September 22nd to October 5th.
Please refer to the circled area on the 1M chart for the important period.
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(1D chart)
This volatility period ends on August 29th.
The next volatility period will be around September 7th.
After the volatility period around September 7th, we need to see if the price remains above 195.92.
If the price remains above trendline (1), it is highly likely that an attempt to rise above 222.61 will occur.
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As mentioned earlier on the 1W chart, the key question is whether the price can rise above 237.60.
To draw a line, we need to examine whether the 202.45-222.61 range provides support and can move upward.
From this perspective, if the 202.45-222.61 range provides support, it's considered a buying opportunity.
However, considering the basic trading strategy, buying in the DOM(-60) ~ HA-Low range and selling in the HA-High ~ DOM(60) range is necessary, so we can see that this is actually a selling opportunity.
Therefore, executing a new purchase in the 202.45-222.61 range requires a short and quick response.
If you maintain a basic trading strategy, you can either sell in installments to gain psychological stability or choose to purchase additional shares when the 202.45-222.61 range provides support.
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Some people argue that support and resistance aren't important, but rather whether the price will rise or fall.
Yes, I agree with this.
However, to move up or down, you need to understand the support and resistance points or ranges that serve as reference points.
If you can't distinguish between these, you won't be able to trade, regardless of whether the price is rising or falling.
Therefore, you need to evaluate how important the support and resistance points or ranges formed at the current price are.
If you don't understand this, you'll end up trading by buying late after the price has risen or selling late after the price has fallen.
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Thank you for reading to the end.
I wish you successful trading.
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- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain in more detail when the bear market begins.
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