Bitcoin Bybit chart analysis May 28Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 11pm tonight.
Nasdaq is a section where it can fall significantly if it is not supported.
In case of sideways movement, the beat can move freely.
I aimed for that part.
Bit and Tether Dominance seem to move similarly, but
After an additional uptrend because the pattern was broken,
We focused on the daily MACD deadcross.
*Red finger movement path
Long->Short->Long switching
It is a two-way neutral strategy.
1. Chase buy at $68310 / stop loss when the green support line is broken
2. Switching short position at $70487 / Stop loss when breaking the red resistance line
3. Long position switching at $67,993 / Stop loss when the green support line breaks away
If the rebound is successful,
I thought a lot about which section at the top to take a short.
Based on daily chart MACD deadcross
I focused on the red resistance line.
Even if I reached the top section, I fell once.
I think it will come down less.
Section 1 at the top is
Short-term short position operation period or extreme sideways protection
There is a possibility of a vertical decline from the current location.
Section 2 at the bottom is lateral to the right.
There is a high possibility of further decline as the mid-term pattern is broken.
It's not good for a long position.
The bottom section is what everyone is waiting for.
Bollinger Band 12 + day section.
This section is a major support line.
Please note that my analysis up to this point is merely for reference and use.
Please operate safely with principled trading and stop loss required.
thank you