Bitcoin Bybit chart analysis June 4

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 11pm tonight.

The beat is relatively good.
Nasdaq broke its pattern and reached the danger zone.
The Nasdaq movement is very important today.
Even when looking at the beat and tether dominance movement
In sections where there is a high possibility of sideways movement
We proceeded with the most reasonable strategy.


The purple finger section on the left is $68,950.
Yesterday, June 3rd, it was the entry section for long positions,
Let’s connect and continue today’s strategy.

*Sky blue finger movement path

Two-way neutral
Short->Long switching strategy

1. Short position entry zone at $69446 / Stop loss when the orange resistance line is broken
2. Switching long position at $68732.5 / Stop loss when breaking out of the light blue support line
3. $70494.5 long position 1st target -> Top 2nd -> Good 3rd

Those who have maintained long positions since yesterday
When the light blue support line at the bottom breaks away, operate with a stop loss (1 + 4 sections).

From the point of breaking the orange resistance line,
Since the upward trend can be connected, those who operate short positions
You need to be careful

If there is an immediate adjustment without short entry
Wait for long position in section 1 at the bottom

Even if a short entry at the top is successful,
Please note that you may be delayed up to 1 section.


Strong rise if the purple support line is maintained
Even if the green support line strategy is followed,
Upward rebound -> This may lead to a vertical rise after tomorrow.
Please refer to it.

I would like to ask you to simply use my analysis up to this point.
I hope you operate safely with principled trading and stop loss required.


thank you

Trade active:

I couldn't explain the main point today.

Section 1 marked at the bottom is ($68357.5)
It is the 1+4 section in the rising pattern.
This is a very likely spot to touch today.

If you don't leave until this section,
It is the last safe zone in a long position, and from the breakout,
This is a place where you can operate a short position.
Please keep in mind.


thank you

Trade closed manually:

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on June 4th.

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

Light Blue Finger Short->Long switching strategy
After touching the sideways section number 1 at the bottom
Let's go to the purple parallel line
The market ended in a sideways trend sloping to the right.

Bollinger band with yesterday's movement
The 4-hour chart ended near the resistance line.
The Yangun is gradually becoming thicker.
As the 12-hour chart breaks through the center line,
A safety zone is being created for long positions.

The pattern is also maintained.
Mid-term signals excluding the 1-hour chart
MACD Golden Cross was in order.
We will explain more details in the analysis article.

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

Yesterday, on the left, there was a long position entry section on June 3rd.
I continued with the Purple Finger $68,950 strategy.

It was a light blue finger short->long strategy.
If you fall right away, wait long in section 1.
When it broke the orange resistance line, it was in an upward trend,
Yesterday, we neatly summarized all movements in real time.

Coupled with the upward rebound of Nasdaq
Short -> Long Rises without minimal fluctuations

*Purple finger from the left Long entrance section on May 31 / 67.6K
After entering the long entry section at 68.9K on June 3, the target price for the top section was reached.
Those who were short will break the orange resistance line.
There was a short stop loss.

If you continued to hold a long position, it would be perfect.
I think there are some people who have taken a stop loss from short positions.
Unfortunately, 5 consecutive perfect shots failed.

The strategy was liquidated manually.

To summarize the strategy for those studying charts,
Yesterday was 30 minutes support + 1 hour support
It was the long-awaited rebound section, but the central line of the Bollinger Band 2-hour chart
Because the short-term pattern was broken while touching
I think it is difficult to rise right away.

I put in a short->long wave,
Unfortunately, it went up as it was coupled with Nasdaq.

Overall, the atmosphere looks good from a long position perspective.
As of today's Upbit, it will exceed 100 million.
I told you, but will I be able to succeed?
Let's look at it overall.


thank you