February 7 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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Here is the Bitcoin 30-minute chart.
The Nasdaq indicator will be released at 10:30. (Non-farm index)
Since it is a sideways section and there are so many variables in the Nasdaq,
I proceeded as safely as possible.
Also, the sideways section is difficult and complicated to explain,
but today, the participation rate was good, so I proceeded simply and mildly.
*Red finger movement path
Long position strategy (final short)
1. 96,727 dollars long position entry section / cut-off price when the green support line is broken
2. 100,445.5 dollars long position 1st target -> Top 2nd target until the weekend
After reaching the top section, switch to a short position
Check the live support line and price range
The first section at the top is a sideways market
From the first section breakout, an upward trend can be connected. If you don't touch the first section and come down right away,
the second section becomes the final long position,
and the MACD dead cross imprint on the weekly chart during the weekend is the main key point.
Even if it breaks through the top section and continues to rise,
the dead cross may continue to press down next week,
so it could be a headache.
If you look at the bottom,
from the current position to the sky blue support line of $98,912.5 (safe zone)
and maintain it without breaking away from the bright sky blue of $92,796 at the bottom (danger zone),
it would be good.
You may have been surprised by the sudden decline last week due to Nasdaq and Trump,
but as I explained last time, since the movement is within the expected range,
it seems that the direction will be revealed to some extent after this week.
I ask that you simply refer to and use my analysis so far,
and I hope that you operate safely with principle trading and stop loss prices.
You worked hard this week too.
Thank you.
