readCrypto

Bitcoin (BTC) - April 15 (day 7)

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BITMEX:XBTUSD.P   Bitcoin
Hello?
Dear Traders, Nice to meet you.

Please refer to the chart yesterday for the CME's BTC chart.

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BTC is moving sideways in the 6784.0 ~ 6946.0 section.

Since the sideways section can be extended, you need to check the movement in sections 6688.5 ~ 7060.

Today's key points are 7060 and 6543.

More important than the 7060 point is the downtrend line (3).
I think it is only possible to rise above this downward trend line (3) so that we can continue our expectations of the rise.

(Note) Support and resistance are based on the closing price on the 1D chart.

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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)

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Accordingly, it is 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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