Bitcoin Bybit chart analysis May 3Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There will be a non-agricultural index announcement at 9:30 tonight.
Both Nasdaq and Bitcoin are in a zone with a very high possibility of sideways movement.
If it falls, it may fall significantly.
This is an unfavorable section for long positions.
There are many variables to explain today, so please read the analysis carefully.
Also currently NASDAQ, Bit, Tether dominance
In all, some patterns are broken.
We created the most realistic strategy.
At the bottom left is $57,938 that entered yesterday.
Let’s connect today’s strategy starting from the entry section of the purple finger long position.
*Sky blue finger movement path
Two-way neutral
Short->Long switching strategy
1. $59705.5 short position entry zone / stop loss when the orange resistance line is broken
2. Long position switching at $58848 / Stop loss when the green support line is broken
At the top, $60637.5 long position primary target -> Top secondary target
Short -> Long or Long Wait
Of the two, I think it would be better to start with the section you touch first.
Section 1 at the bottom is the section where the short-term pattern is broken.
Cleanly within the purple support line without touching it
There must be a rebound.
From the breakaway from the green support line, from bottom to section 2 -> Bottom -> 3
It may fall, so be careful.
Next Monday the 6th is a public holiday.
I'm also going to take a break from analysis.
If you drag the analysis text left up or down,
If it rises or falls compared to the current chart screen
I left the support price and resistance price.
I think it would be a good idea to use it while I'm away.
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 for your hard work this week.
thank you