Bitcoin Bybit chart analysis May 31

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
Nasdaq has an indicator announcement at 9:30.

Today is bit and tether dominance
It is really difficult to analyze because both sides are imminent.
The possibility of a sideways move is very high.

Tether dominance in patterns or flows
It is more likely to rise than beat.
Nasdaq is also in a situation where a rebound is unlikely.
We created a strategy that was as safe as possible based on sideways movements.


*Sky blue finger movement path

Long position strategy

1. $67676.5 long position entry area / stop loss when breaking out of the light blue support line
2. $69,008 long position primary target -> Top secondary target

Section 1 at the bottom is
The major support line is 12 + the daily support zone.
There is a very high probability that you will come down to this section today.

So, I took the stop loss at a breakaway from the light blue support line.
In this section, the rebound is weak or
If there is a further decline in Nasdaq

Bottom -> Section 2 at the bottom
Please note that it may continue to flow throughout the weekend.
Because there are no danger signals
There was no final short position operation today.

If today's strategy succeeds, over the weekend [
It looks like Bitcoin will surpass 100 million again.
If you drag the analysis text up or down,
I have left the main support and resistance prices above and below.
I think it would be a good idea to use it as a reference.


Please note that my analysis up to this point is merely for reference and use.

I hope you operate safely with principled trading and stop loss required.


thank you

Trade closed: target reached:

Hello
It's a Bitcoin guide.

I will check the movement after writing the analysis on May 31st.

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.
It was a long position strategy in the red finger gap section, but

At the 9:30 indicator announcement,
After the downward wave, the deep blue support line is at the bottom.
The rapid rebound ended after touching 18194.3 points.
Overall, it was an upward sideways movement.

Friday's move
After the 12+ daily pattern rebound, daily chart MACD deadcross
Engraving danger signals

I am watching the upper and lower Bollinger Bands.
I will explain more details in the analysis article.

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

Light blue finger at the bottom $67676.5 long position waiting strategy
At the top, the long position target price is $69,008.
After touching first, after the downward wave

$67676.5 -> No. 1 -> Bottom section
Being pushed away in an instant
The stop loss at the light blue support line was adjusted and closed.

A gap of $67,667 was created at the bottom on Friday.
After moving sideways without much movement over the weekend,
With the creation of additional daily and weekly charts today,
Gap reversal completed

After touching the long position target price of $69,008 at the top
Perfectly completed.
I had a hard time handling it.

After the Nasdaq indicator announcement at 9:30 on Friday
As the beat and coupling came out, a strong daily decline occurred at the same time.
He strongly pushed us away from the fake rebound that had no justification.

In the end, there is section 1 (12+ daily bar) at the bottom and
I even touched the bottom.
There was little movement over the weekend.
Fortunately, a perfect product came out this morning.

With this move
MACD Golden Cross engraving completed after 4 hours -> 6 hours of waiting last week.
It wasn't 4+6+12
Next, the 12-hour daily and weekly chart MACD golden cross.
The order has come.

The target price range at the top ->Good ->Great is valid.
With Friday's movement, the pattern was restored and the danger signal disappeared.
I will continue to work hard today in my analysis to see how far the rebound will go.
Let's solve it together.


thank you

Trade active:

Bitcoin 30-minute chart.
It's a real-time lifeline.
Thank you for pressing Boost a lot over the weekend.
This will be made public.

Purple support line rises vertically, green support line rises to the right.
I drew it up.
Please check the Top->Good->Great long position target price at the top.
See you later in the strategy article.

go for it