Bitcoin (BTC) - April 24

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BTCUSDTPERP 1W Chart)

An uptrend line passing near 38200.0 is significant.

Therefore, the interval 37243.4-38200.0 is an important interval.


(1D chart)

Resistance: around 45163.4

1st support: around 39915.9
Second support: 35280.2-37243.4

You need to see if you find support within an uptrend channel of the two uptrend lines.

A support section is formed over the section 35280.2-38200.0.


A full-fledged uptrend is expected to begin when it rises above 49135.7.



(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.

The points pointed to by some indicators have changed.
- High indicator: 42129.2 -> 39768.9

We need to see if we can move above the uptrend line by moving above 39768.9.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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ความคิดเห็น:

(BTCUSDT 1D chart)

ความคิดเห็น:

The movement of the chart itself is important, but I think knowing the flow of money is more important.

However, it is not easy to know the flow of money.

Therefore, we are trying to understand the flow of funds briefly with BTC.D, USDT.D, USDT, and USDC charts.

The BTC.D chart has the second lowest dominance ever.
The USDT.D chart has the third highest dominance of all time.

The big picture is that the BTC.D chart is in a downtrend and the USDT.D chart is in an uptrend.


From a very simple logic, it seems that BTC's influence on the coin market is getting weaker.

However, it seems to be a phenomenon that occurs when a huge number of altcoins are produced.

USDT.D dominance is trending upwards, indicating that the coin market is continuing to be funded.

I think the USDT and USDC charts support the continued supply of funds to the coin market.

As the USDT and USDC charts maintain an upward trend, we believe that funds are continuing to flow into the coin market.


(The current global economic and political factors were excluded and the change in the coin market was considered.)

If so, why are the prices of coins like this???
To make big money in the investment market, more people need to trade more.
To that end, investment products are continuously launched.

Among those investment products, more coins are launching deposit services (services such as earn, staking, and landing) this year.

These products are making more money flow into the coin market, but they do not trade and remain stagnant.


I believe that this stagnant fund is being invested and utilized by companies that issue and operate investment products and coins launched by institutional investors.

This change in the market will create new investment momentum in the coin market, and it will increasingly resemble the stock market, an existing investment market.


When new investment momentum is established, the coin market is expected to create a new trend.


(BTCUSD 12M Chart)

I think that the effect of bringing more individual investors into the coin market by making more drops is still far away.

This is because, as the coin market is becoming more like the existing stock market, it is necessary to form a higher price range before the coin market becomes a stock market, so institutional investors and big-handed whales can dominate the coin market.