June 5 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
Based on tonight’s 30-minute chart
There are two indicator announcements at 9:30 and 11:00.
According to Nasdaq flow and Tether dominance movement
I created a strategy.
There's a lot of complicated stuff to explain, so I'll keep it very simple today.
*Red finger movement path
One-way long position strategy
1. $70698 long position entry zone / stop loss when breaking out of the green support line
2. $72446.5 long position 1st target -> Good 2nd target
Section 1 at the top is lateral to the right.
Section 2 at the bottom moves sideways to the right.
From the point of departure from section 2, the pattern is broken.
There is a possibility of further adjustment.
The vertical line on the right is because tomorrow is a holiday.
I have left a drawing based on the daily chart being generated on Friday, June 7th.
If you drag up or down
You can check support and resistance prices that are not visible on the chart.
As mentioned in the Good section,
This is the section where Bitcoin exceeds 100 million again.
After the rebound on Nasdaq today
There is a high possibility that there will be a downward movement.
If this movement is an upward wave, or even if it is only a sideways movement,
The beat can rise strongly.
Please watch to see if Tether dominance is connected to a vertical decline.
Because tomorrow is a holiday
I'll take a break tomorrow and see you on Friday.
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