Bitcoin Bybit chart analysis JENUARY 5

Jan 5

Hello
It's a Bitcoin Guide.

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This is a Bitcoin 30-minute chart.
There will be a Nasdaq indicator release at 12:00 PM shortly.

*If the red finger moves,
this is a conditional long position strategy.

1. After touching the first purple finger at the top,
switch to a long position at $92,627.5 / stop-loss if the green support line is broken.

2. At the top, $94,642.8 is the first target price at the top -> Good. Second target price.
(If the Good level is reached, there is a high possibility of a short-term rise to 104.7K.)

Also, if the first target price at the top is touched,
a vertical rise may occur immediately.
If it fails to touch the first target and immediately falls,

wait for a final long position at the second target price at $92,210.9. (If the green support line is broken, the stop-loss price remains the same.)

I've also marked a bottom level of $91,462.8.

If the price falls below this level, the weekly and daily candlestick lows will be broken, so it may take time for the uptrend to resume.

It would be advantageous for a long position to hold until the light blue support line is reached, right?

Please use my analysis as a reference only.

I hope you operate safely, following the rules and maintaining a stop-loss price.

Thank you.

Jan 6

Trade closed: target reached

Hello,
It's a Bitcoin Guide.

I'll check the movement since writing the analysis on January 5th.



This is a 30-minute Bitcoin chart.
I've marked key areas with black fingers.

*In the red finger long position strategy,

after entering a short position at the top (purple finger 1) ->

switching to a long position at $92,627.5

The strategy is taking profits.
It's perfect.

It's not visible on the screen because it's a 30-minute chart, but

the strategy is still in place, with the long position at $86,750.8 on December 29th and $88,721.5 on January 2nd.

The rebound is continuing. There are plenty of seats available, so if you missed out, don't be too disappointed.

I'll keep working hard today.

Thank you.