April 4 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There will be a Nasdaq indicator announcement in a little while at 9:30.

Today, Tether Dominance and Beat feel like double-edged swords.
If you are pushed out of the two, it is a position where you can strongly leave.
I think there are some people who were holding long positions yesterday.

It's the 1+4 section in Tether Dominance.
The 1-hour support line was touched several times.
We proceeded aggressively because it was a position where we could make a strong exit.


*Red finger movement path

Long position strategy

1. $66,213 long position entry zone / stop loss when breaking out of the green support line
2. $68,501 1st target -> Top section 2nd target

Because the possibility of sideways movement is high
The sideways sections are indicated with light blue fingers up and down.
When it breaks out of the green support line
Because there is no proper support line at the bottom.
It can be pushed from the gap section to the bottom at once.

If there is a trend today
It looks like one of the two, Bit or Tether Dominance, will deviate significantly.

Please operate safely with principled trading and stop loss required.


thank you

Trade closed: target reached:

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on April 4th.

This is the NASDAQ 30-minute chart.
Sky Blue Finger 18221.3 It was a long position waiting strategy, but
After touching the top section without touching the entry position,
As it was, a downward wave came out.

As the vertical decline occurred, there was a strong plunge.
After leaving the marked NewGap section and Bottom section,
A new gap section was created
It is trending sideways after the retracement.

As MACD deadcross pressure appears on the weekly chart,
The vertical decline is connected. Dead Cross engraving completed.

As the bottom was broken, the 12+ day pattern was broken.
The daily chart support line is open.
I'll look at it overall.

Bitcoin 30-minute chart.
Major sections are marked with black fingers.

Red Finger $66,213 after chase purchase
Pink -> Orange resistance line broken

The red resistance line has reached the target price of $68,501.
Unfortunately, I didn't have enough power until the top section.

The strategy is to take advantage of it.

It continued to move sideways this week.
It's been a while since a trend emerged.
Perhaps due to the influence of Nasdaq, it is near the purple support line.
Adjustments are continuing.

Let’s take a look at it all in today’s analysis.

See you in a moment


thank you