Bitcoin (BTC) - July 9

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(BTCUSDT 1W Chart)
snapshot
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.


(1D chart)
If we look at the big picture, we are walking sideways in the section 31640.22-40586.96.
The 33949.53-37252.01 section is an important support and resistance section.

It moved lower in the critical support and resistance zone, touching the 32259.90 point.

We need to see if we can find support at the 31640.22-32259.90 section and move up to the 33949.53-37252.01 section.

If it goes down from the 31640.22 point, it could touch near the 28657.98 point, so you need to be careful with your trades.

The next volatility period is around July 22.

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(BTCUSDTPERP 1D Chart)
snapshot
It fell from the 33527.51 point and touched the 32275.63 point.

It remains to be seen if the 31292.61-32275.63 section can find support and move above the 33527.51 point.

If the move falls from the 31292.61 point, it may touch near the 28344.79 point, so you need to trade cautiously.

At this point, the most important thing is trading volume.
As the price fell, the volume increased, but after the fall, the trading strategy decreased again.

In order for the current downtrend to lead to a downtrend, I believe that the price should fall as volume increases.

However, the current market conditions do not.

Therefore, rather than giving meaning to the current decline, I think it should be interpreted as moving in the sideways section 31292.61-40136.05.

You need to check whether you are finding support or resistance in the 33527.51-33999.52 section of support and resistance.


If the price holds above the 33999.52 point, we expect further gains.
At this point, it is important to have support above the 35096.50 point.
If support is found at the 35096.50 point, I would expect it to move above the 37211.02 point.

However, the 40136.05-45163.36 section is a strong resistance section, and unless the trading volume does not increase explosively, it is expected that the upward breakout will not be possible, so it is necessary to check the increase or decrease in trading volume.

It is divided into an upper sidewalk section and a lower sidewalk section centering on the section 33999.52-35746.28 from section 28344.79-40136.05, which is the sidewalk section in the big picture.

It remains to be seen whether the 33999.52-35746.28 section creates a pull back pattern to reverse the trend or a move to lead to a larger decline.

However, since I believe the bottom has been formed on the 21st-22nd of June, I think I am creating a pull back pattern to turn into an uptrend.

Whatever the situation, the most important thing is the increase in trading volume.
I don't think a wave that comes out without an increase in trading volume is just a sideways trend and doesn't mean much.

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(XBTUSD 1W Chart)
snapshot
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.

In particular, it remains to be seen if the price can sustain above the 33101.0 point.

In the CCI-RC indicator, if the CCI line falls below the +100 point, volatility may occur, so careful trading is required.

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(BTC Dominance (BTC.D) 1D Chart)
snapshot
The volatility period is around July 7-10 (July 6-11).
Volatility can occur, so trade with caution.

If it touches or falls below the uptrend line, there is a possibility that the price of BTC will fluctuate and drop sharply, so you need to trade cautiously.
A sharp drop in BTC price will lead to a rise in BTC dominance.


We will have to wait and see if BTC Dominance can touch the 47.64-48.81 range and move lower.

If the downtrend line (1) is touched and goes down, the price of altcoins is expected to show a quick recovery.

If BTC Dominance rises above the 56.78 point, we expect the coin market to start a strong bearish market.

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(USDT Dominance (USDT.D) 1D Chart)
snapshot
You should see movement between around July 9-12, a period of volatility.

If USDT dominance declines, the coin market is most likely in an uptrend.

We will have to wait and see if we can move below the downtrend line (2).

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(USDT 1D Chart)
snapshot
I think the rise in the gap is a sign of money flowing into the coin market.
Conversely, I think that the gap drop is a sign of money being pulled out of the coin market.

If the rise in the gap continues, the coin market is expected to rise in the near future.

If there is a continuous gap drop, it means that funds are flowing out of the coin market, so careful trading is necessary.

It is falling along a downtrend line.
If this trend continues, we expect volatility to occur around July 21st, touching the 61.765B point.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See 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 a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Uwaga
If you look at the USDT 1D chart, you can see that the funds are slowly falling out.
I think this move makes the coin market more frozen and makes it difficult to judge the flow.

However, a huge amount of money has entered the coin market, and I think only a small amount of it is going out.

However, I think it's important to see if any new volatility occurs by touching 61.765B around July 21, as mentioned on the USDT 1D chart.
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisusdtusdtdominanceXBTUSD

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