Bitcoin Bybit chart analysis June 11Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
Tomorrow is the day when the CPI meets on Wednesday evening and the FOMC meets on Thursday morning.
There is no separate indicator announcement from NASDAQ today.
The beat alone continues to decline.
In the long run, Bitcoin is on the rise, but
From a mid-term perspective, just the two of us with Tether Dominance
An endless power struggle continues.
It seems like the direction will be decided tomorrow rather than today.
The section where the rising pattern breaks in tether dominance and
Based on the recovery of Bitcoin's medium-term pattern
I created today's strategy.
*Sky blue finger movement path
Two-way neutral
Short -> Long switching strategy
1. Short position entry area of $67907.5 / Stop loss when the pink resistance line is broken
2. Long position switching at $66795.5 / Stop loss when the green support line breaks away
3. $68,700 long position primary target -> Top secondary target
After a vertical decline in an ambiguous position on the Bollinger Band 6-hour chart
There was no clear short position entry point.
You can operate as a short->long or long position waiting strategy.
If you touch the bottom first, the green support line is $66795.5.
The long waiting period can be in contact with the Bollinger Band daily chart support line.
It becomes a seat.
In that case, it is directly connected to the downward trend line.
Bottom -> You can deviate significantly from section 1.
You must be careful.
Today I shook it moderately.
After connecting after tomorrow, from CPI
I think we need to come up with a new strategy.
It's hard to explain, but as I left a comment,
For beginners or those who only operate spot exchanges,
I think it would be a good idea to run it after CPI and FOMC.
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