MARCH 4 Bitcoin Bybit chart analysis

Mar 4

Hello
It's a Bitcoin Guide.

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This is a Bitcoin 30-minute chart.
There's a Nasdaq indicator release at 12 o'clock.
We've been aggressively operating in line with the gold decline and the Nasdaq pattern.

*Red finger movement path:
Long position strategy

1. $70,982.8 is the entry point for a long position / Stop loss if the purple support line is broken

2. $76,526 is the first target for a long position -> Good, second target
If the strategy is successful, 73.7K is the point to re-enter the long position.
This strategy targets a vertical rise. If the orange resistance line is broken today,
a true rebound will be confirmed and could connect to an uptrend.

The first section below is an upward sideways market. Below that, the bottom is the risky area.

Up to section 2 is open.

Up to this point, I ask that you use my analysis for reference only.

I hope you operate safely, with a focus on principled trading and stop-loss orders.

Thank you.

Mar 5

Trade active

Hello,
It's a Bitcoin Guide.

I'll check the movement since writing the analysis on March 4th.



This is a 30-minute chart of the Nasdaq.
I've marked the major sections with black fingers.

I didn't share a separate analysis yesterday,
but I did check the general movement for Bitcoin analysis.

In the short->long switching strategy with the light blue fingers,
the long position switching area at the bottom was first touched at 24,717.8 points,
and then the short position entry area at the top was reached at 24,885.1 points -> Top, Good target price.

Today, a new daily chart was created,
and the long position re-entry area at 25,964 points was touched, and a rebound is underway.

Since the MACD dead cross is in progress on the monthly chart,
it will be important to see how high the current rebound will go.

While there's a very low chance of a sustained uptrend,
it's expected that after a certain level of rebound, the price will adjust and fluctuate up and down.



This is a 30-minute Bitcoin chart.
Key areas are marked with black fingers.

In the red finger long position strategy,
it touched $70,982.8 at the bottom and broke through the pink resistance line.

After touching the orange resistance line near the long position at $73,739,
it ended in a sideways movement.

It successfully rebounded to around $3,000.

A breakout of the orange resistance line would have been enough to trigger a true rebound. Unfortunately, this strategy is currently active.

We'll proceed with today's strategy as is.

Also, depending on how successful this rebound is,
the current level could be the bottom of this decline,
or the low could be broken again depending on the wave.

I'll keep working hard today.

Thank you.