BTCUSD Perpetual Contract
Long
Updated

Bitcoin Bybit chart analysis APRIL 2

240

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It's a Bitcoin Guide.

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snapshot


This is the Bitcoin 30-minute chart.

*Conditional Long Position Strategy based on the movement path of the red finger.

1. After confirming the touch of the purple finger at Zone 1 at the top,
$66,047.6 is the entry point for a long position / Stop loss if the green support line is broken.

2. $68,565 is the 1st target for a long position -> Good 2nd target.

- If it drops immediately without touching Zone 1 at the top,
wait for a final long position at Zone 2 / Stop loss if the green support line is broken.

From the point where the green support line is broken,
the support line entered at $65,390.7 is broken, so
this is not favorable from the perspective of a long position.
(Mid-term Uptrend)

If the green support line is broken,
Bottom at the bottom -> Zone 3 is open.

Please use my analysis post only for reference and practical application.

I hope you operate safely by strictly adhering to trading principles and mandatory stop-loss orders.

thank you.
Order cancelled
Hello.
This is the Bitcoin Guide.

Let's check the movements since the analysis post was written on April 2nd.

snapshot

This is the Bitcoin 30-minute chart.
I have marked the key zones with black fingers.
In the red finger long position strategy,

without touching the purple finger (number 1) at the top,
it rebounded from $66,047.6 and finished in a sideways market.
There was a maximum rise of about $1,300,

but since it did not drop back down to the long position entry point (number 2),

the strategy has been canceled.

It did not break the purple support line,
and the long position entry point at $65,390.7 is still being maintained.

I will keep going strong today as well.

Thank you.

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