Bitcoin bybit chart analysis September 4Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There are no important indicator announcements from Nasdaq today.
The bottom gap section was created last weekend.
Because it touched the resistance line on the 4-hour chart.
I bet on a moderate rebound to the right.
*Sky blue finger movement path
One-way long position strategy
1. $25621.5 long position entry area / stop loss when breaking out of the light blue support line
2. $26368 1st section 1st target -> Top section long position target price
$26166.5 at the top is a mid-term downward trend.
If it breaks through, it is likely to lead to an upward trend again.
From the indicated section 1 to the top section
Bollinger Band is the center line of the daily chart, so it is pressed.
If you touch it strongly early on, adjustments may occur.
(Strategically, early morning tomorrow)
Section 2 at the bottom can be a double bottom section.
Be careful as there may be a downward tail rebound.
Bottom section at the very bottom
This is because it is supported by the support line on the Bollinger Band daily chart.
If it goes down, it can lead to a strong rebound.
Here's the long position strategy and what can come out at dawn.
I've outlined all the movements.
Please note that my analysis is merely for reference.
I hope you operate safely by following the 6 principles of trading/stop loss.
thank you