The importance of 22.4K (make sure it's supported)

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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.

(USDT chart)
snapshot
Funds continue to flow into the coin market via USDT.

After the volatility period around March 5th, we need to see if the bullish trend continues.


(USDC 1D chart)
snapshot
The key is whether it can rise above 42.563B and maintain the uptrend.


As funds are continuously flowing into USDT and USDC, it is expected that this power will lead to a large rise when used.

However, since it is unknown when and how it will be used, I think it is better to carry out a trading strategy from a mid- to long-term perspective rather than day trading or short-term trading.



(BTC.D 1W chart)
snapshot


(USDT.D 1D chart)
snapshot
A rise above 6.90-7.27 is expected to cause the coin market to plummet.

A rise in USDT dominance means a fall in the coin market.

The next period of volatility is around March 3rd.

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snapshot

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(BTCUSDT 1W chart)
snapshot
We need to see if Heikin Ashi turns into a bearish sign.

If it continues to decline, it is expected to touch around 20862.47.



(1D chart)
It has risen to section A and section B, and is currently being pushed back.

At this time, the important point is point 22487.41.

So, if it doesn't fall below 22487.41, I expect it to rise soon.

If that rise continues, the next step will be around 28923.63, section C.


It is generating a lot of selling pressure, but the price is not falling significantly.

If the trend continues to be supported in a certain period, it will eventually turn from a selling force to a buying force and rise.


If it starts to touch the 22487.41 point, I expect it to lead to a big decline as selling pressure increases.

Then, the support interval is
1st: 21023.14-21853.06
2nd : 19176.93-20050.02
It is necessary to check whether it is supported in the first and second sections above.


It is showing support near the MS-Signal indicator, so you need to be careful when trading.

If possible, I think it is time to carry out a trading strategy that is suitable for medium and long-term trading rather than day trading or short-term trading.

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(BTCKRW chart)
snapshot
If it does not rise above 31468000 quickly, it is expected to fall below the MS-Signal indicator.

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

This is the 81K-95K range that 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.

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Note
(BTCUSDTPERP 1h chart)
snapshot
As the 5EMA on the 1D chart falls below the M-Signal on the 1D chart, it informs us that there is a high possibility of a downtrend.

Therefore, I think the possibility of maintaining the 'SHORT' position, which entered near 'S2', 'S1', and 23390.5, has increased.

However, if it rises near the entry price, it is better to monitor the situation after closing the trade.

The 'SHORT' position entered near 'S2', 'S1', and 23390.5 is
1st: Around 23104.6
2nd: Around 22471.5
Transaction closed: 20984.7-21826.1

After the 1st and 2nd split selling as described above, you can proceed with the transaction as you wish.
Note
(BTCUSDT 1M Chart)
snapshot
New candlesticks created new points of support and resistance.

We need to make sure it is supported at point 23141.57.


The StochRSI indicator has entered the overbought zone.

Therefore, you should check the movement when it exits the overbought zone.

If it enters the overbought zone but fails to break the previous high or encounters resistance at 23141.57, it is possible for BTC to exit the overbought zone and decline.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominance

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