First support and resistance zone: 63118.62-64000.0

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(BTCUSDT 1W chart)
תמונת-בזק
It is showing an upward trend along an important rising channel.

However, since the HA-High indicator point on the 1W chart is 65920.71, it is possible that the upward trend will start if it receives support near this point.

Therefore, the area around 63118.62-64000.0 corresponds to the first support and resistance zone in this rise.

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(BTCUSDT 1D chart)
תמונת-בזק
The 61099.25 point is the HA-High indicator point of the 1M chart.

Therefore, if the price is maintained above 61099.25, it can be interpreted that a full-scale uptrend has begun in the long term.

A full-scale uptrend is because the HA-High indicator makes a stepwise rise.

However, since the price must be maintained above the HA-High indicator of the 1W chart and the HA-High indicator of the 1D chart for an actual full-scale uptrend to occur, it must eventually rise above 67614.25 and maintain the price.

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The important volatility period is around September 13.

It is expected that a mid- to long-term trend will be formed after passing this volatility period.

Therefore, it is important to see in which direction it deviates from the 61099.25-70195.94 section after passing the volatility period.

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תמונת-בזק
תמונת-בזק
I think that as long as USDT continues to rise, the coin market is likely to continue to rise.

However, short-term fluctuations may occur depending on the flow of USDC.

If USDT and USDC gapped up, I think it means that funds have flowed into the coin market.

On the other hand, if they gapped down, it means that funds have flowed out of the coin market.

Therefore, the most important thing to look at is the movement of USDT.

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Have a good time.
Thank you.

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הערה
#BTCUSDT
תמונת-בזק
Looking at the Renko chart, the price needs to rise above 66500 to maintain a new block.

If not, and it falls below 63000, there is a high possibility that a bearish block will be created.

Therefore, the key is whether it can be supported near 63000 and rise.

תמונת-בזק
The key is whether it can be supported near 63118.62-64000.0 and rise above 65920.71.

The StochRSI indicator is currently in the overbought zone.

Therefore, when the StochRSI indicator falls from the overbought zone and switches to a state where StochRSI < StochRSI EMA, we need to check at what point it is supported.

Therefore, if it falls below 63118.62, you should check if it is supported near the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1D chart.

In other words, if it falls below 63118.62, it is expected that it will fall to around 61830.50.

However, if it moves sideways for several days near 63118.62-64000.0, the M-Signal indicator on the 1D and 1W charts will rise.

Then, it is important to check if it is supported near the M-Signal indicator on the 1D and 1W charts.
הערה
#BTCUSDT
תמונת-בזק
It is showing signs of trying to break through the sell line of the superTrend indicator as it rises above 64000.

And, since the StochRSI indicator and StochRSI EMA indicator have entered the overbought zone, it will soon show a movement to escape the overbought zone.

At this time, when the state of StochRSI < StochRSI EMA changes, it is important to see whether there is support around 63118.62-64000.0.

If not, I think it is likely to continue the upward trend if it receives support around 61099.25-61830.50.

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If it falls below 59053.55, it will fall below the medium- to long-term upward channel, so you should think about a countermeasure for the downward trend.

תמונת-בזק
When looking at the Renko chart,
Downward turning point: 63000.0
Downward trend turning point: 56000.0
You can refer to the points above.
הערה
#BTCUSDT
תמונת-בזק
It fell below the 61099.25-61830.50 range.

Therefore, the key is whether the price can be maintained near 59053.55 or within the medium- to long-term rising channel.

Since the StochRSI indicator has fallen from the overbought zone and has become StochRSI < StochRSI EMA, we need to check the price position when it switches back to StochRSI > StochRSI EMA.

The volatility points of the StochRSI indicator are:
1. When it falls from the overbought zone
2. When it passes the midpoint
3. When it rises from the oversold zone
Volatility can occur in the three sections above.

Therefore, we need to check what kind of movement the StochRSI indicator shows when it falls near the midpoint.

Since the HA-Low indicator is located at the 57937.19 point, if it falls below 59053.55, the key issue is whether there is support near 57937.19.

תמונת-בזק
As seen on the Renko chart, it looks like it is about to create a bearish block as it falls below 59500.0.

This bearish block will be completed when it falls below 56000.0.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTHA-MSTechnical IndicatorstradingstrategyTrend Analysis

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