Bitcoin Bybit chart analysis October 17

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This is Bitcoin's 30-minute chart.
There are no Nasdaq data releases today.
Bit has been falling sharply since yesterday and today, as it has been coupled with the Nasdaq.

I've been thinking a lot about the possibility of further declines.

*When the light blue finger moves,

Bidirectional neutral

Short->Long switching or final long position strategy

1. $106,728.7 short position entry point / Stop-loss price upon breaking the pink resistance line

2. $103,375.7 long position switching / Stop-loss price upon breaking the green support line

3. Long position target prices, starting from the top section at the top

If the price falls immediately without touching the short entry point at 106.7K,

the final long position is at the bottom section at the bottom.

The bottom section is a double bottom, where the previous low is broken.

Because the lower tail may be pushed to $98,514.5, indicated at the bottom,

rather than placing a limit order,

we recommend switching long positions after confirming a trend reversal on the 5-minute chart.

More importantly, the Nasdaq movement appears to be the most important. It's frustrating that Bitcoin is coupled with the Nasdaq, which plummets at crucial moments, but it seems the coin market has never been easy.

At least if you're trading in real time, in a market where some people lose money while others make money, giving up would only hurt you.

In times like these, it's crucial to stay focused and practice principled trading and stop-loss orders.

Thank you for your hard work this week.