June 11 Bitcoin Bybit chart analysis

Updated
Hello

It's a Bitcoinguide.

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If my analysis is helpful,
Please would like one booster button at the bottom.


snapshot

Bitcoin 30-minute chart.
Tomorrow is the day when the CPI meets on Wednesday evening and the FOMC meets on Thursday morning.
There is no separate indicator announcement from NASDAQ today.
The beat alone continues to decline.

In the long run, Bitcoin is on the rise, but
From a mid-term perspective, just the two of us with Tether Dominance
An endless power struggle continues.

It seems like the direction will be decided tomorrow rather than today.
The section where the rising pattern breaks in tether dominance and
Based on the recovery of Bitcoin's medium-term pattern
I created today's strategy.


*Sky blue finger movement path
Two-way neutral
Short -> Long switching strategy

1. Short position entry area of ​​$67907.5 / Stop loss when the pink resistance line is broken

2. Long position switching at $66795.5 / Stop loss when the green support line breaks away

3. $68,700 long position primary target -> Top secondary target

After a vertical decline in an ambiguous position on the Bollinger Band 6-hour chart
There was no clear short position entry point.

You can operate as a short->long or long position waiting strategy.
If you touch the bottom first, the green support line is $66795.5.
The long waiting period can be in contact with the Bollinger Band daily chart support line.
It becomes a seat.

In that case, it is directly connected to the downward trend line.
Bottom -> You can deviate significantly from section 1.
You must be careful.

Today I shook it moderately.
After connecting after tomorrow, from CPI
I think we need to come up with a new strategy.

It's hard to explain, but as I left a comment,
For beginners or those who only operate spot exchanges,
I think it would be a good idea to run it after CPI and FOMC.

Please note that my analysis up to this point is merely for reference and use.

I hope you operate safely with principled trading and stop loss required.


thank you
Trade active
Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on June 11th.

snapshot

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Red Finger 19040.8 in long position strategy
Rising wave progresses after long entry

I marked it
After breaking through the pink -> orange resistance line
We have reached the Top -> Good section.
Nasdaq is perfect

It broke through the highest point strongly.
Today, the Bollinger Band touched upward.
MACD deadcross pressure continues on the 1-hour chart.

As of now, there is an upward trend at the final Bollinger Band weekly chart resistance line.

CPI at 9:30 tonight
There is a FOMC meeting tomorrow at 3 am.
I will work hard to come up with a strategy and come back.


snapshot

Bitcoin 30-minute chart.
Major sections are marked with black fingers.

light blue fingers
Short -> long switching strategy or long position waiting strategy
I touched the bottom first

Light blue finger after long entry at $66795.5
It was pushed to the marked bottom, but
There is a rebound after damaging the green support line.
It ended in a sideways upward trend.

Strategy is active processing

Yesterday, Nasdaq surpassed its previous high, but
The beat couldn't keep up with the movement
12+ days pattern recovery
Bollinger Band daily chart support line was touched, but
Fortunately, I wasn't pushed back too much.

I will connect today’s strategy with yesterday’s long entry section of $66795.5.

Also, the participation rate has dropped significantly again recently.
Lifeline will be held privately.


thank you
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