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Bitcoin CME Futures (BTC1!) - April 22

CME:BTC1!   العقود الآجلة للبيتكوين CME
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The contract transaction on the CME exchange has been significantly reduced.
I think we should look at the situation a little more.

The descending channel cycle is complete.

You will need to see if you can get support by climbing above 7045 around April 23rd.
You should also check for a drop towards 6380.

You should also see if you can get support and rebound at point 6680, the former gap location.

Although the current situation is likely to rise from 7485 to 7760 due to a temporary rebound, I think it is more likely to fall below the 6860 point.

New purchases are not recommended.


See support, resistance, and abbreviation points.

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

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Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section

[Example of exchange chart setup]

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

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