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Bitcoin (BTC) - April 24 (must be supported by 7729 or higher)

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BITMEX:XBTUSD.P   Bitcoin
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Rising above point 7435, touch point 7757 and you are in your current location.

As I said in the previous post, I was able to first tell you that it was a good rebound by touching point 7757.

In order to make further gains, you must be supported in the sections 7299-7435.
This is because 700EMA is passing near the 7299 point, so it is possible to fall to this point and get support.

As I said around April 24th, it is an important day to check whether it is possible to support 7060 after 24th.
With a lot of ascent, there is some distance from the 7060 point, but you still have to get support above the 7060 point.

The next important day is around April 26th (25th to 27th).
You still need support in the sections 7299-7435, but after around April 26, you still have to climb above 7757 to see if you can get support.

Today's key question is whether you can get support in the sections 7299 ~ 7435.
In addition, you need to make sure you can get support by rising above the upward trend line (5).

It's expected that the closing price will give some indication of whether it was a decent rebound or whether it would rise to the 9K level with an additional rise.


See support, resistance, and abbreviation points.

(Gap refers to the increase in price during the closing period due to opening and closing on the CME exchange.
Gaps occur every day, every week.)
 
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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

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(April 21)

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(April 18)

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(Expected trend from April to May)
The key point is whether you can gain support by rising above the downtrend line (3).

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(From April 9th)
From April 10th to April 17th (9th-18th), it is expected to be the most important period in the 7K range, and it is expected to be sideways.
In the middle, you need to check that you can touch or climb the 7757 point around April 14th (13th-15th).
If you touch or rise to point 7757 during this period, the trend check for the critical period ends.

You have to be cautious about trading as you will be in a critical period.
If possible, we recommend that you pause trading and check trends.
I think it's a period that requires only minimal trading to preserve your profits.

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(From April 7th)
The flow of 1 and 2 is very important.
However, you must get support at point 7060.

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(From April 5th)
تعليق:
I don't know if it was properly expressed in English.
USDT dominance must fall below the 2.41 point in order to become like the fires of 2017.

[Example of exchange chart setup]

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

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