Bitcoin Bybit chart analysis JENUARY 7

Jan 7

Hello
It's a Bitcoin Guide.

If you "follow"
You can receive real-time movement paths and comment notifications on major sections.
If my analysis was helpful,
Please click the booster button at the bottom.





This is Bitcoin's 30-minute chart.
There will be two Nasdaq indicator releases at 12:00 PM.

*If the light blue finger moves in a two-way direction, it indicates a short-to-long switching or long-wait strategy.

1. $92,770.5 is the entry point for a short position at the top. Stop loss is set when the pink resistance line is broken.

2. $91,617.2 is the switch point for a long position. Stop loss is set when the green support line is broken.

3. $93,669.3 is the first target for a long position. Target prices are Good and Great in that order.

If the price immediately declines without touching the short entry point at the top, wait for a long position at the first zone.
The stop loss is the same when the green support line is broken.

If the first section breaks,

from Gap 7 at the bottom, the price remains open up to Section 2,
and this section marks the recovery of the medium-term pattern.

Since the daily and weekly candlestick lows have been broken,
there is a risk of further decline,
but if the price maintains the second section, there should be no major issues within the long-term uptrend.

Please note that my analysis is for reference only.

I hope you operate safely, with a clear focus on principled trading and stop-loss orders.

Thank you.

Jan 8

Trade closed manually

Hello,
It's a Bitcoin Guide.

I'll check the movement since writing the analysis on January 7th.



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

The light blue finger indicates a short-to-long switch.
Or, if it falls immediately, I'll use the long-waiting strategy at section 1.

The light blue finger at the top indicates a short position entry point.

Since it fell immediately without touching $92,770.5,

I entered a long position at section 1 below, $91,142.9.

It broke the green support line and ended in a very sideways position.

I've manually liquidated the strategy.

Today, a bearish wave occurred as additional daily candles were created.

The price retracement at the bottom of the gap 7 level -> touched the bottom and is now moving sideways.

As I explained in yesterday's analysis,
the daily and weekly candlestick charts have broken lows,
so the price continues to fluctuate.

This morning, the 4+6 pattern broke further,
and the medium-term pattern was broken again.

I can see the general direction,

and I'll keep pushing hard today.

Thank you.