BTCUSD Perpetual Contract
Long

December 8 Bitcoin Bybit chart analysis

49
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snapshot


Here's a 30-minute Bitcoin chart.
There are no separate indicators released today.
I've developed a long position strategy based on Nasdaq movements.

*Conditional long position strategy based on the red finger movement path.
- If the price touches the top once or twice and rebounds within the purple support line, it's a vertical rise.

1. If the price falls immediately without touching the top once, the lower level is $91,308.2, the entry point for a long position. / If the green support line is broken, the stop-loss price is $91,308.2.

2. $93,432.7, the first target price for a long position -> the top is the second target price.
If the strategy is successful, $92,961.4 is the point at which to re-enter a long position.

If the price reaches the top before the 9:00 AM candlestick tomorrow, you can enter a short position and then wait for a long position. (Bollinger Band daily chart resistance zone)

The green support line held tight,
but after breaking out, it opened to the bottom, reaching 3 levels.

Please note that my analysis is for reference only.

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

Thank you.

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