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Moving from futures market to spot market!!!

BINANCE:BTCUSDT   Bitcoin / TetherUS
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We are giving more explanation about the BTCUSDT chart than the BTCUSDT.P chart.

This is where I think the initiative is shifting from the futures market to the spot market.

This is because the movements of the spot market (BTCUSDT chart), i.e. support and resistance points, and periods of volatility are more aligned than the movements of the futures market (BTCUSDT.P chart).

This may be a subjective thought, but I think it means that it is time to reconfirm the purpose of the transaction.

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(BTCUSDT chart)

June has begun a period of full-scale volatility.

The volatility period is around June 12-18. (up to June 11-19)


The important sideways section is the section 26013.28-30184.24.

Therefore, it is necessary to see how BTC moves relative to the important sideways section during this period of volatility.


(1W chart)
The importance of the 26574.53 point has been emphasized several times, so I think you are aware of its importance.

Looking at the 1W chart, the next support and resistance below 26574.53 is at 20862.47.

Therefore, if the price declines, it is likely to lead to a sharp decline, and the HA-Low indicator on the 1W chart is expected to rise and create a new one.

Therefore, it is necessary to check where the HA-Low indicator on the 1W chart is created, and if it is created, whether it is supported around it.



(1D chart)
Looking at the current 1D chart, it fell below 26013.28, so the key is whether it can rise above 26574.53 quickly.

If not, it is expected to lead to further declines.

1st: 23141.57-24113.48
2nd: 21023.14-21853.06
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.

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(BTCKRW chart)
It fell below 34820000 in the 34820000-37821000 section.

Therefore, if resistance is confirmed around 34820000,
1st: 31024000-32042000
2nd: 27317000-29639000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.

Since around June 10-16 is a period of volatility, it is necessary to check what kind of movement will be made during this period.

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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.

81K-95K is the range we expect to touch in the next bull market.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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