BTCUSD Perpetual Contract
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Bitcoin Bybit chart analysis September 23

43
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This is Bitcoin's 30-minute chart.

There's an indicator release near 11:00 AM on the Nasdaq,
and I expected a small fluctuation.

I proceeded as safely as possible, considering the current situation.

*When the red finger moves,

One-way long position strategy:

1. Long position entry point at $112,302.1 / Stop loss price if the green support line is broken.

2. Long position initial target at $114,345.1 -> Target prices in order of Top, Good, Great.

After reaching the target price of $114.3K,

you can re-enter the long position at the indicated price of $113.6K.

In the case of 1->2 above,

there's a strong possibility of an upward movement along the purple parallel line. (The 5+15 pattern is still in place.)
The current rebound has already formed a double bottom,
so a drop below the bottom

is not a good move for long positions.

In case of a delay, I've indicated up to section 3 at the bottom.

Thanks to the recent interest from newcomers,
I've made this post publicly available for the first time in a while.

Please use my analysis for reference only.

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

Thank you.

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