Bitcoin CME Futures (BTC1!) - (conversion to downward trend)

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The closing price was created at 6875, an important point above 6860.
If it falls below the critical point of 6860, I think there is a high likelihood of a downward trend.

Accordingly, trading is needed to preserve profits and losses in the event of a rise.

The upcoming rise is expected to be a rebound, not a rise.

I think the highest section of the rebound is between 7290 and 7485.

It is no longer recommended to buy in anticipation of a rise.


(Reference)
Support and resistance are based on the closing price on the 1D chart.
The EMA (Moving Average Exponential) displayed on the 1h chart is the EMA (Moving Average Exponential) on the 1D chart.

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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
Bitcoin (Cryptocurrency)bitcoincmefuturesBitcoin FuturesBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend AnalysisXBTUSD

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