🟡 Update #BTC on July 1

Today is a very special day when BTC closed 3 monthly, weekly and daily candles respectively

- Monthly T-F: BTC closed the spinning top bearish candlestick and created reversal candlestick pairs in this month's frame in the past 4 months, showing sideway signs at the old peak of the previous uptrend period at a large amplitude of 60-72k

- The trading volume in this period in the monthly frame has shown signs of decreasing

- Weekly T-F: BTC is still in the process of creating a double top model and last week BTC closed a beautiful withdrawal candle with a small candle body and long candle paw after retesting the support area at 57k, showing the buying power of The market is still quite strong.

- After 2 times testing the 57k area and creating long candlesticks last week and the last week of April, I see that if there is no too big news, the possibility of 57k will be the bottom of this correction and also the dynamic support of the market. EMA34 frame W, EMA 200 frame Daily and fair value gap area

- Daily T-F: EMA 34 is about to have a crossover point and there is no prominent increase in volume yet

- Gap CME at 61k - 62k.

➡️ Plan expects BTC to fill the CME gap and retest the support zone at 60k, withdraw, create a Monday low and test the 63k zone again

#Total3: Altcoin capitalization minus BTC and ETH, the monthly candle closes quite badly and there is a small support around 580B. I hope this support area will not break. If it breaks, we will see 500B and 470B. Currently, Total 3 still stands above the EMA 34 frame W with creating quite long candlesticks.

Next resistance of #Total3 will be 635-640. I will watch the reaction of altscoin at this stage to decide whether to join the next queue or wait

➡️This week is expected to be a good recovery week for altscoin but there will be a sweep so you need to be careful when betting futures.