Possibility of forming a new trend around the end of July

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(1M chart)
snapshot
In the big picture, the important sections are
1. 1.13 (67031.36) : 69K
2. 0.886 (56090.42) ~ 1 (61202.17) : 59053.55
3. 0.618 (44073.32) : 42K-43K
I think section 2 of the above sections is an important section that determines the trend.

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The MS-Signal indicator is an indicator created to find out the trend based on MACD.

Therefore, we need to check how much the M-Signal indicator on the 1M chart rises and is created when a new month begins.

It is expected to rise to around 0.786 (51606.42).

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The StochRSI indicator is showing a downward trend near the midpoint.

Therefore, I think there is a high possibility of volatility.

At this time, we need to check if the StochRSI indicator shows a reversal.

If the StochRSI indicator does not show a reversal, it is highly likely that it will eventually fall further.

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Therefore, we can see that it is currently moving sideways near the important section.

The sideways section is a fairly wide section, from 0.886 (56090.42) to 1.27 (73308.95).

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(1W chart)
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Among all time frame charts, I think the 1W chart is the best chart for checking trends.

Therefore, I think it is a chart that must be referenced in order to trade based on trends.

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Currently, the most important thing to look at in the 1W chart is the important rising channel.

The important thing is whether it rises along this rising channel or breaks away.

In this regard, I think it is highly likely that a trend will be formed around the end of July.

And, it is expected that the trend will be confirmed around mid-September.

Therefore, whether there is support around 2. 0.886 (56090.42) ~ 1 (61202.17): 59053.55 is an important issue.

You can think of the other parts drawn on the chart as information for creating a detailed trading strategy.

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(1D chart)
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If you look at the important rising channel drawn on the 1W chart, it corresponds to important trend lines 1 and 2 on the 1D chart.

Therefore, you can see that it is currently passing an important period.

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It is moving in a medium- to long-term rising channel, but it is currently in a short-term falling channel.

Therefore, you need to check if you can establish a foundation for forming a new trend based on the 64K area.

If not, it is likely to fall to the lower end of the important rising channel drawn on the 1W chart, near 56K.

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As I mentioned on the 1M chart, it is moving sideways, so you need to be careful when making new trades.

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Have a good time.
Thank you.

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- ​​Big picture
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It is expected that the real uptrend will start after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M
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1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

Since it is thought that a new trend can be created in the overshooting section, it is necessary to check the movement when this section is touched.

#BTCUSD 1M
snapshot
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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Nota
#BTCUSDT 1M
snapshot
The HA-High indicator is moving from 43823.59 to 61099.25 and is about to be created.

Accordingly, the key is whether there is support near the newly created HA-High indicator.

You can see that the decline is getting stronger as the StochRSI indicator falls below the midpoint.

#1W
snapshot
The StochRSI indicator is showing that it has entered the oversold zone.

#1D
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The StochRSI indicator is showing signs of entering the overbought zone.

Therefore, if it fails to rise above 64K, it is likely to lead to further declines.

It is becoming important whether it can receive support and rise near 61K.
Nota
#BTCUSD - TradingView INDEX chart
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In the big picture, you can see that the HA-High indicator is showing a stepwise upward trend.

We will have to see if this upward trend can continue this time.

In order for the HA-High indicator to be definitely created, a candle for the next month must be created.

Therefore, you can start trading depending on whether there is support near the upper section of the HA-High indicator box, 59103.77-64005.20 section.

Even if it turns into a downtrend, it is a section worth challenging for trading.

You should check if you can start a trade by cutting your loss when the price falls below the upper range of the HA-High indicator box.
Nota
#USDT
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The current fund flow is similar to the fund flow in May.

Therefore, if the fund flow stops flowing out, it seems likely that the fund will flow in again.

#USDC
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The fund is moving sideways around 32.435B.

snapshot
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BTC dominance and USDT dominance are located near the boundary zone.

#BTCUSDT
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The HA-High indicator on the 1M chart is showing signs of forming at 61099.25.

Therefore, based on the 61099.25 point,
Target point: 64K
Stop point: 59053.55
The above settings are possible.

Since the M-Signal (MS-Signal) indicator on the 1D chart is passing the 63118.62 point, if it eventually rises above 64K and receives support, it is expected to show a movement to change the trend.

It is important to see support near the HA-HIgh (65920.71) indicator on the 1W chart and the HA-High (67614.25) indicator on the 1D chart.

snapshot
A step decline requires that both the high and low points show a downward trend.

Currently, BTC cannot be seen as undergoing a step decline, and I think it is moving sideways.

Therefore, I think that for a step down to start, it needs to show a drop below 56K.

Therefore, rather than adjusting your trading strategy with the step down in mind, you should think about trading strategies that are suitable for the sideways section.
Nota
The charts of the coin market are slightly different depending on the exchange.

Therefore, I think it is better to follow the trend in order to trade in the coin market.

I think this is one of the reasons why people cannot adapt when they move from the stock market to the coin market.

Therefore, the coin market shows the movements of various indicators on the chart more accurately than the stock market.
Nota
#USDT
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USDT is showing a gap down trend.

Accordingly, the coin market is likely to show a downward trend.

However, since USDT is still in an upward trend, we should watch the situation a little more.

I think USDT is a fund that has a big influence on the coin market.

Therefore, if USDT shows a gap down trend, the coin market is likely to show a downward trend.

#USDC
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Fortunately, USDC is no longer showing a gap down trend.

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#BTCUSDT
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BTC is currently in a sideways trend.

However, since it is located near the bottom of the sideways trend, caution is required when trading.

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TS - The BW indicator of the BW indicator has risen from the -50 point, but it is likely to touch -50 again due to this decline.

Therefore, if it touches the -50 point this time, the BW indicator in the price candle part will also be regenerated.

When the BW indicator is regenerated like this, it is necessary to check whether trading is possible depending on whether there is support in the vicinity.

In order to trade more stably, it is recommended to proceed when the M-Signal of the 1D chart > M-Signal of the 1W chart and the M-Signal (MS-Signal) indicator of the 1D chart has risen above it.

Therefore, it is necessary to find a trading point depending on whether there is support after rising above 61555.36.

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If it falls below 58811.32, it is basically likely to touch the M-Signal indicator of the 1M chart.

Therefore, it is recommended to check the location of the M-Signal indicator of the 1M chart, which fluctuates as the price falls.

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Looking at the BW-CCI indicator, it is in the -100 to +100 range.

If it falls below -100 and shows a downward trend, it means that it has left the sideways range and is in a downward trend.

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Looking at the BW-PVT indicator, it has not renewed the recent previous low or high.

If it renews the recent previous low or high, it is highly likely that a new trend will be formed.
Nota
snapshot
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USDT and USDC are showing opposite movements.

I think this means that while there is a strong selling trend, there is a buying trend.

In other words, while general individual investors are participating in the selling trend, investment institutions (people with a lot of investment funds) are buying.

I think USDT is a fund used by people around the world (individuals, institutions, forces, etc.) and USDC is a fund used by people in the United States (individuals, institutions, forces, etc.).

This movement will eventually create a phenomenon of changing hands in the coin market and create a bottom.

However, I think that for the coin market to start to rise, USDT must start to show a gaping upward trend.

snapshot
It looks like it's down more than 20%, but if you look at the chart a little bigger, you can see that it's in the sideways zone.

To go down in the sideways zone, it has to go down below 56K.

snapshot
As I've been saying, the end of July is approaching.

We need to check if the bottom zone is formed around the end of July and if the uptrend begins around mid-September.

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If it goes down below the important rising channel, there's a high possibility that a new trend will form.

Therefore, the key is whether the bottom zone can be formed around 56K.
Nota
#BTCUSDT
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It has touched the lower line of the important ascending channel.
We need to see if it can rise along the important ascending channel.
The key is whether it can rise above 61099.25 and find support.

snapshot
If it fails to rise, it is likely to touch the M-Signal indicator on the 1M chart.
Nota
#BTCUSDT
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The HA-Low indicator is showing signs of moving from 61555.36 to 57754.37.

Therefore, if the HA-Low indicator is generated at the 57754.37 point, the key is whether there is support around that point.
Nota
#BTCUSDT
snapshot
It appears to have transitioned to a mid-term downtrend as the M-Signal on the 1D chart < M-Signal on the 1W chart transitions.

Accordingly, it is necessary to check whether the M-Signal on the 1D chart < M-Signal on the 1W chart transitions or whether it is supported by the M-Signal indicator on the 1D chart.

Accordingly, whether it can rise above 59600.01 is the key.

The HA-Low indicator on the 1D chart is showing signs of being created at the 57754.37 point.

Therefore, if the HA-Low indicator on the 1D chart is created at the 57754.37 point and shows signs of being supported near it, it is possible to buy for short-term trading.

However, since there is a possibility of resistance near the M-Signal indicator of the 1D chart, I think it is better to check for support and proceed with trading when the M-Signal indicator of the 1D chart rises above it.


Considering the above cases,
1. For day trading or short-term trading, you can check for support near 57754.37 and proceed with purchasing.

2. For short-term and medium-term trading, you can check for support near 61099.25 when the M-Signal of the 1D chart > M-Signal of the 1W chart, or proceed with purchasing.

3. If it fails to rise above 59600.01, there is a possibility of falling near the M-Signal indicator of the 1M chart.
Nota
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The upper line of the Price Channel indicator indicates a high point, and the lower line indicates a low point.

The lower line of the Price Channel indicator has not been created.

Therefore, it can be said that the low point range has not been determined yet.

Therefore, I think it is not too late to start trading after confirming that the lower line of the Price Channel indicator has been created.
Nota
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Nota
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The psychological volume profile area is an indicator that is displayed based on the proportion of the tail that constitutes the candle.

Therefore, I think it can play the role of a support and resistance area.

Currently, the psychological volume profile area has been formed, and it is showing resistance in that area.

Therefore, we need to check whether it can rise above this psychological volume profile area.

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I think it can be used as a reference for analyzing charts along with indicators, support and resistance points.

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Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTHA-MSTechnical IndicatorstradingstrategyTrend Analysis

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