Bitcoin Bybit chart analysis April 25Hello
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Bitcoin 30-minute chart.
It is wide open below the purple support line.
Tether dominance is also on the rise.
There is no good news coming out at 9:30 on Nasdaq today.
In case of a plunge, bits may also be coupled.
Please check the analysis text carefully.
*Sky blue finger movement path
Short->Long switching
Two-way neutral strategy
1. Short position entry area of $64247.5 / Stop loss when the purple resistance line is broken
2. Long position switching at $63408.5 / Stop loss when the purple support line is broken
At the top, $64940.5 is the primary target -> Top secondary target.
As of now, there is no room to eat short.
This is a situation where not even the slightest wave has emerged.
When touching the $64247.5 short entry position at the top
It may proceed according to strategy, but
with a vertical fall
You may fall to section 1 or Bottom.
Be careful when doing long switching.
Even in the case of tether dominance, an upward pattern is in progress.
It's hard to die all at once
Because the MACD deadcross on the 12-hour chart needs to be resolved to some extent.
Even if it moves sideways today, it is good for long positions.
Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading and stop loss required.
thank you
