Confirming support around 69978.65Bitcoin / TetherUSBINANCE:BTCUSDTreadCrypto Hello? Nice to meet you, fellow traders. If you "follow" me, you can always get new information quickly. Have a great day. ------------------------------------ As the price rises, the HA-Low indicator on the 1W chart is showing signs of forming at the 69978.65 point. Accordingly, the key question is whether it can find support and rise in the range of 69978.65 to 71058.26. However, since the StochRSI indicator is in the overbought zone and the OBV indicator is located near the EMA 3 line, there is a possibility that the upward movement will be constrained. Therefore, we must verify whether it can find support around the 67720.67 to 71058.26 range. The next period of volatility is around April 22nd. - Looking at the 15-minute chart, the channel formed by the OBV indicator's Low Line to High Line is in a contracted state, so it is highly likely that volatility will occur soon. At that time, we need to observe which direction it moves relative to the 69978.65 to 71058.26 range. ------------------------ For prices to rise, at the very least, there must be no outflow of funds from the cryptocurrency market. Currently, USDT is consolidating, while USDC is showing a gap-up. Accordingly, this indicates that funds are flowing in through USDC. - Since the current BTC price has fallen by approximately -50%, I believe that BTC dominance should rise and USDT dominance should fall. Therefore, from a chart analysis perspective, I believe it needs to show a strong upward breakout of the 69,000 ~ 73,499.86 range. Since a full-scale uptrend is highly likely to begin when the price rises above the M-Signal indicator on the 1M chart, you should monitor the movement when the M-Signal indicator falls to the 69,000–73,499.86 range. Because the DOM (-60) or HA-Low indicators, which signal a bottom, are not appearing despite the price decline, you should anticipate a possibility of further drops and prepare a response strategy. Therefore, based on the current price position, the maximum decline is expected to occur around the 57,694.27–61,299.80 range. - Looking at the StochRSI indicators on each chart, the 1M chart is located in the oversold zone, while the 1W and 1D charts are located in the overbought zone. Therefore, in the event of a price decline, the key factor is expected to be whether support is maintained around the DOM (-60) indicator range of 64,058.15 to 65,776.47. ---------------------------------- Since the current period is a buying time, caution is required when selling. As mentioned below, a full-scale uptrend is highly likely to begin in July, so a trading strategy must be developed accordingly. - Thank you for reading to the end. I wish you successful trading. -------------------------------------------------- (The coin market is expected to start its uptrend in July) - - This is an explanation of the big picture. (3-year bull market, 1-year bear market pattern) ------------------------------------------------------