Bitcoin Futures - October 24 (1h)

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(1D chart)

The volatility around October 22 (October 21-23) touched the 12974.0 point, an important point.

If it falls over the weekend, you need to make sure you get support at 12814.0.

If it falls at 12814.0, it is expected to touch the uptrend line (4), so this is a short-term Stop Loss.

We'll see if we can break above the previous highs of 13272.0 and 13920.0.



(1h chart) - short-term strategy
Among the short-term strategies mentioned previously, we did not rise above the LONG target.
Also, it is in progress, as it has not been out of range.

Check out our previous short-term strategy.

I think there is a high probability of movement after the time indicated on the chart.
So, you need to see if it rises along the uptrend line (A) and is supported at 12974.0.

You can get support from the small support point at 12814.0 and move up to 12974.0, but if you don't get support at 12974.0, it's likely to fall again, so I think careful trading is necessary.

If you've been in LONG before, make sure you get support at 12814.0.

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(CME Bitcoin (BTC1!) 1D chart)

We need to see if it falls below the 12755.0 point to fill the previous gap.

If it is supported at 12755.0, it is expected to rise above 13600.0.

If it falls below the 12590.0 point, it is a short-term Stop Loss.

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(BAKKT Bitcoin (BTM1!) 1D chart)

The closing price was created above the 12040.0 point.

If we continue to show the flow of keeping the 12040.0 point, we expect it to rise to the 14302.0-14955.0 range of the Fibonacci retracement ratio.

It makes a lot of difference, but if it falls below the 12495.0 point, I think it is necessary to trade to preserve the profit and loss.

So, if you fall from the uptrend line (1), it is a short-term Stop Loss.

You need to make sure you can climb above 13235.0 points to fill the previous gap.

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(BTC Dominance 1D Chart)

We have to see if we can go down to fill the gap that has risen.

With the rise in BTC price, the dominance also rose, indicating that the funds in the coin market were concentrated in BTC.

It remains to be seen whether the decline in BTC dominance will lead to an increase in altcoins' prices.

If it rises near the 63.38 point, altcoins' price decline is expected to be severe.

So, you need to see if it falls below the short-term uptrend line (5).

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(USDT Dominance 1D Chart)

We have to see if we can get resistance at 4.163 and move down.

It remains to be seen if the volatility around October 28 (October 27-29) could move below the uptrend line (4).

You should also check that you are moving up between the downtrend line (1)-(3).

I think it is useful to check the flow by comparing whether the flow of section D displayed on the Volume indicator belongs to any section of A, B, or C.

You should also check that you are moving along the downtrend line drawn on the wRSI_SR indicator.

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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 CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening