Bitcoin Bybit chart analysis June 4Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 11pm tonight.
The beat is relatively good.
Nasdaq broke its pattern and reached the danger zone.
The Nasdaq movement is very important today.
Even when looking at the beat and tether dominance movement
In sections where there is a high possibility of sideways movement
We proceeded with the most reasonable strategy.
The purple finger section on the left is $68,950.
Yesterday, June 3rd, it was the entry section for long positions,
Let’s connect and continue today’s strategy.
*Sky blue finger movement path
Two-way neutral
Short->Long switching strategy
1. Short position entry zone at $69446 / Stop loss when the orange resistance line is broken
2. Switching long position at $68732.5 / Stop loss when breaking out of the light blue support line
3. $70494.5 long position 1st target -> Top 2nd -> Good 3rd
Those who have maintained long positions since yesterday
When the light blue support line at the bottom breaks away, operate with a stop loss (1 + 4 sections).
From the point of breaking the orange resistance line,
Since the upward trend can be connected, those who operate short positions
You need to be careful
If there is an immediate adjustment without short entry
Wait for long position in section 1 at the bottom
Even if a short entry at the top is successful,
Please note that you may be delayed up to 1 section.
Strong rise if the purple support line is maintained
Even if the green support line strategy is followed,
Upward rebound -> This may lead to a vertical rise after tomorrow.
Please refer to it.
I would like to ask you to simply use my analysis up to this point.
I hope you operate safely with principled trading and stop loss required.
thank you
