Check for support near the M-Signal indicator on the 1M chart

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(USDT 1D Chart)


(USDC 1D Chart)


USDT is the major currency that influences the coin market.

The USDT and USDC charts are moving in opposite directions.

This decline appears to be driven by funds flowing out of USDC.

Once the USDC gap decline stops, funds flowing in through USDT are expected to drive the coin market higher.

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(USDT.D 1M Chart)

For the coin market to show an upward trend, USDT dominance must remain below 4.91 or show a downward trend.

We need to see if the price can face resistance around the Fibonacci level of 0.618 and turn downward.

If not, we should consider a response plan, as a rally toward 7.13 is expected.

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(BTC.D 1M chart)

For an altcoin bull market to begin, it must either remain below 55.01 or show a downward trend.

Therefore, for the bull market we're waiting for to occur, both USDT dominance and BTC dominance must decline.

If USDT dominance declines while BTC dominance rises, a bull market will emerge, with only BTC rising.

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(BTCUSDT 1D Chart)

The key is whether the price can touch the M-Signal indicator on the 1M chart and turn bullish.

At this point, it's crucial to maintain the price above 89294.25.

If not, a step-down trend is likely.

To turn bullish, the price must remain above the M-Signal indicator on the 1W chart.

At this point, it's crucial to maintain the price above the newly created HA-High indicator point of 110105.69 on the 1M chart.

If not, the price may pretend to rise but then fall again, so you need to consider countermeasures.

This is a basic trading strategy within the box range: buy between DOM(-60) and HA-Low and sell between HA-High and DOM(60).

If the price rises in the HA-High ~ DOM(60) range or falls in the DOM(-60) ~ HA-Low range, you should switch to trend trading.

To do this, we should consider the movements of the StochRSI, TC (Trend Check), and OBV indicators.

To sustain the uptrend after breaking above a key point or range, the StochRSI, TC, and OBV indicators must show upward trends.

At this point,
1. The StochRSI indicator should not have entered an overbought zone.
2. The TC indicator should remain above zero.
3. The OBV indicator should remain above the High Line.

Therefore, check the movements of the StochRSI, TC, and OBV indicators at the support and resistance levels depicted on the 1M, 1W, and 1D charts and consider whether you can trade accordingly.

Based on the current price range, the key points or ranges are:
- 87814.27-93570.28
- 110105.69
- 120760.81-124658.54
I believe the three ranges above are important points or ranges.

Therefore, when the price is near these ranges, you should check the movements of the StochRSI, TC, and OBV indicators to determine a response plan.

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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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