Check if it can receive support and rise around 62793.20Bitcoin / TetherUSBINANCE:BTCUSDTreadCrypto Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Have a nice day today. ------------------------------------- This period of volatility is expected to last until around July 5th (July 4th to 6th). The next period of volatility is around July 29th, so we need to pay close attention to the trends that have formed over this period of volatility. In order to rise at an important point or section and continue the upward trend, the following conditions must be met. 1. The StochRSI indicator must show an upward trend without entering the overbought zone. 2. The OBV indicator must be maintained above the High Line. 3. The BSSC indicator must remain above the 0 point. If we interpret the current movement according to the above conditions, the StochRSI indicator and BSSC indicator are satisfied with the conditions. However, because the OBV indicator is located in the Low Line to High Line section, it is not satisfactory. Therefore, we need to test support around 62793.20 and see if the OBV indicator rises above the High Line. If the conditions are not met, it will eventually decline. If a support test is performed around 62793.20, it seems likely that the StochRSI indicator will enter the overbought zone. If the StochRSI indicator enters the overbought zone, there is a possibility that upside will be limited. A strong buying trend is needed to ignore these restrictions and rise. Therefore, the OBV indicator must rise above the High Line and show an upward trend. In the end, even if it is supported and rises around 62793.20, the StochRSI indicator will enter the overbought zone and will eventually fall again, resetting the StochRSI indicator. Therefore, you need to adjust your investment proportion with peace of mind. I think it needs to rise above 67720.67 to break out of the bottom. This is because it corresponds to the previous HA-Low indicator point. When the HA-Low indicator is created, it can be considered that a low point has been formed, and if the HA-Low indicator falls, there is a possibility of a stepwise decline. This cascading downward trend will eventually form a bottom and turn into an upward trend. The 62793.20 point is also the previous HA-Low indicator point, so if it is supported, it is a buying time. However, because point 67978.65 forms a longer horizontal line, it can be considered a more important point than point 62793.20. Therefore, 1st: 62793.20 2nd: 67720.67 If support is received around the 1st and 2nd positions above, it is time to buy. As the price falls, the first DOM(60) indicator point is formed at 73909.36 at the current price. Therefore, if it is supported at 67720.67 and rises, the area around 73909.36 is likely to be the first volatility zone. This is because the DOM(60) indicator is an indicator of the high point, so it rises from the low point and appears to be trying to break through the first high point upward. Since an important support and resistance area has been formed between 69000 and 73499.86, it seems likely that the first volatility will occur in this area. In any case, caution is needed in trading as it is highly likely that the StochRSI indicator will enter the overbought zone after this period of volatility. If it fails to rise, it may fall below 61299.80, so you need to think about a response plan. This is because if the HA-Low indicator is encountered again, there is a possibility of a cascading decline. - Thank you for reading until the end. I wish you a successful transaction. --------------------------------------------------