July 7 Bitcoin Bybit chart analysisHello
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Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
I think the Nasdaq lower gap section retracement will be the focus.
Recently, sideways movement or adjustments have been coming out before the trend,
So I proceeded safely in preparation for variables.
*When the blue finger moves
Bidirectional neutral
Short->long switching or 2nd section long waiting strategy
1. $109,380 short position entry section / cut-off price when orange resistance line is broken
2. $108,997.8 long position switching / cut-off price when purple support line is broken
3. $109,610.9 long position 1st target -> Top 2nd target -> Good 3rd target
It seems important whether the purple support line is broken from the current position. If the first section at the top touches 108,997.8 dollars and comes down,
it may become a vertical decline section.
If it comes down right away, it is a long-waiting strategy in the final second section,
and if it deviates from the bottom section today
(6+12 pattern)
because it is a full candle when the gap section is touched,
it may fall to 107,484 dollars indicated at the very bottom.
I have important work to do tomorrow,
so I will take a day off and come back on Wednesday.
Please use my analysis so far for reference and
I hope you operate safely with principle trading and stop loss prices.
Thank you.
