Bitcoin (BTC) - May 6 (first day of flow check) (1h)

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Bitcoin Halving has about 7 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.

An important day began, converging from the long-term trend line to the short-term trend line.

I think the period of this important day is from May 6th to May 8th, and after that, I think that the direction requires careful trading.

I think it's a good idea to stop trading for a while and check the flow, as there may be a rapid rise and fall within the period to check the flow.

Currently, the section of sideways is 8597 ~ 9080, but I think it is good to catch up to 8214.5 ~ down trend line (1) section to check the flow and watch the situation.

In order to ascend, you must be supported at 8838.5.

The short-term downtrend line (4) was created and failed three times, and I believe that this challenge should rise above the downtrend line (4).

If you continue to fail despite many challenges, you will have no choice but to fall.

Now we need to check whether we can rise above the downward trend line (3) or not.
This downward trend line (3) is a long-term trend line, and if it rises above the trend line and is supported, I think it means great.

I think the most important part is whether you can get support above the downtrend line (3) after the time shown on the chart today.

In order to show a clear upward trend, you need to get support at point 9080.

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Rather than deciding to which point it will rise, I hope now that we can decide at what point we should preserve our profits and losses and close the upward trend with good results.

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See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.

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

노트

노트

We need to make sure we can get support above point 9317.
If I can get support, I think there is a possibility of falling after touching up to 10K

If you fall, you should get support at a point up to 8724.5.
If you fall without support, you are likely to touch near or below point 7335.

In the midst of the downside at 8724.5, I think it's expected to fall again when I think it's temporarily supported near the 8200 point.

노트

I think BTC dominance is related to Alts price.
I think the BTC dominance must fall below the 67.44 point for Alts to rise.
Therefore, we need to make sure we can drop below the 67.44 point.