(BAKKT Bitcoin (BTM1!) 1D chart) Today's gap range is 11057.5-11392.5.
Breaking the downtrend line (4) into the gap gave a green sign of a trend reversal.
If it falls, we need to see if we can get support at 11375.0.
If it falls below the downtrend line (4), it is a short-term Stop Loss.
I think it is highly likely to lead to a trend turnaround and an acceleration of the uptrend as it breaks through the 12005.0 point.
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** 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 generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: closing price when closed G2: The market price at the time of opening
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