Bitcoin (BTC)-December 9

٨ ديسمبر ٢٠٢٠

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It is falling from 18719.11, which was the short-term stop loss point.
We must see if it rises above the 18719.11 point quickly.

You can touch the uptrend line (5) or between 17176.24-17892.0 and move up, so trade carefully.

Previously, CME and BAKKT exchanges attempted to break through the 20K or more upwards, but failed and fell.
However, other exchanges couldn't touch 20K.

To understand this trend, charts of CME and BAKKT exchanges are also posted.

Therefore, I think it is currently falling in order to try to enter the 20K range on all exchanges that trade BTC.

If it breaks above the 20K range, a new bull market is expected to open.
If it is supported by breaking above the 20K period, the 22K range is expected to rise by default.

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(Coinbase BTCUSD 1D chart)
We have to see if we can quickly climb above the 18721.93 point.

You can touch the uptrend line (4) or between 17178.0-17889.14, so trade carefully.

If it falls from 17178.0, you need a Stop Loss to preserve your profit or loss.

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(OKEX BTCUSDT 1D chart)

We must see if we can quickly ascend above 18688.8 points.

You can touch the uptrend line (4) or between 17198.0-17852.6, so trade carefully.

If it declines at 17198.0, a Stop Loss is required to preserve profit and loss.

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(BTC Dominance 1D Chart)

We must see if we can get resistance at the uptrend line (5) and move downward.
If it does not rise above the uptrend line (5), it is expected to fall below the 63.38 point.

It is expected that the direction will be decided while sideways from 61.20 to 62.12, but it is showing an upward trend after touching it.

As such, I think the current BTC price point is telling us that it is a difficult price range.

In order for altcoin price to rise, BTC dominance must fall.
Also, if it falls below the 63.38 point, I think the altcoin price will rise more quickly.

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(USDT Dominance 1D Chart)

We must see if we can get resistance at the downtrend line (2) and move down.

We need to see if we can get resistance and move downward at the downtrend line (1)-(3), which is the underlying downtrend channel.

It remains to be seen if it can drop to the 3.285-3.374 section around December 15th.

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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from 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 trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)