Bitcoin (BTC) - February 4

2021년 2월 3일

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We have to see if we can rise above the 38150.02 point and gain support.

If it falls, you need to make sure you get support from 34730.82-35818.61.

If you decline at 33949.53, you need a short stop loss.

If it falls in the 27079.41-29300.0 interval, it is expected to turn into a downtrend, so think about how to respond.


If you deviate from the downtrend line (9) and get support above the 35818.61 point, you are expected to reorient yourself near the 40169.80-41257.59 section.

If it rises from 40169.80-41257.59, it is expected to rise to 47784.37-48872.16.

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(OKEX BTCUSDT 1D chart)

The volatility around February 4th (February 3rd-5th) will have to see if there is any movement that deviates from the 35490.7-39799.9 segment.
In particular, you need to see if you can rise above the 37645.3 point to gain support.

If you decline at 34559.3, you need a short stop loss.

If it falls in the 28165.8-29309.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.

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(Coinbase BTCUSD 1D chart)

We must see if we can ascend above the 38072.64 point.
If it falls, you need to make sure you get support from 34800.08-35890.94.

If it falls from 34030.64, a short stop loss is required.

If it falls in the 27040.36-29321.90 range, it is expected to turn into a downtrend, so you need to think about how to respond.

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(BTC Dominance 1D Chart)

It remains to be seen if the volatility between around January 28th and around February 7th will lead to movement that deviates from the 61.20-67.44 range.
In particular, you need to make sure you can get resistance at 63.38.

If it continues to decline at 63.38, it is expected to be the bull market for altcoins.

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(USDT Dominance 1D Chart)

It is declining at the 2.541 point at the beginning of the volatility period around February 3rd (February 2-4).
It remains to be seen if it can fall below the uptrend line (1).

I think that the decline in USDT dominance leads to an increase in the coin market.

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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)