January 4 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is an indicator announcement today around 10:30.
As expected, what I'm most worried about is Nasdaq.
In the case of bits
The MACD dead cross on the 12-hour chart is not engraved.
Looking at the tether dominance pattern
It seems like it can be ignored.
I will explain the details later.
*Sky blue finger movement path
Long position strategy, or short position depending on the situation
1. $42831 long position entry area / stop loss when breaking away from the purple support line
2. Long position target in the $45,016 top section / stop loss when the red resistance line is broken
Section 1 at the top is the wave section for entering long positions.
The orange resistance line of $44393 is a sideways trend.
When breaking out of the purple support line,
Green support line section 2, $42213.5, is a safe zone.
Because even the bottom double bottom section remains
Please refer to it
As long as the Nasdaq doesn't crash
It's a good enough place.
Today, the beat is operated in a reasonably safe manner.
I'll have to buy an altcoin or something.
Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading and stop loss required.
thank you