January 29 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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I was late today because I had to do some work.
This is the Bitcoin 30-minute chart.
There are no Nasdaq index announcements.
This is a position with a very high possibility of sideways movement.
In the case of Tether dominance, there is pressure on the daily chart MACD dead cross.
It is still in the area before touching the central line on the 4-hour chart and before touching the 1-hour support line.
*Sky blue finger movement path
One-way long position strategy
1. $41809.5 long position entry zone / stop loss when breaking out of the green support line
2. $42432.5 long position primary target -> Top section secondary target
If you are immediately pushed from the current position, bottom section
If you are pushed out of section 1 from the rebound
It is a dangerous position that can be pushed to extreme coverage or bottom.
From touching the target price of $42,432.5 at the top,
Since additional uptrends may lead to this, I will not operate a short position separately today and will connect it to the drawing section tomorrow morning.
It looks like it will continue to shake this week until next week.
Let’s join forces and hold on hard.
Please keep in mind that my analysis up to this point is merely for reference.
Please operate safely with principled trading and stop loss required.
Thank you.
