BTCUSD Perpetual Contract
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Bitcoin Bybit chart analysis November 11

45
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This is a Bitcoin 30-minute chart.
There are no separate Nasdaq indicators.
I developed a strategy based on the lower gap retracement of both Bitcoin and Nasdaq.

*Conditional long position strategy when the red finger moves

1. Confirm the first touch of the purple finger at the top (autonomous short)
Switch to a long position at the bottom at $103,790.4 /
Stop-loss price if the green support line is completely broken or the bottom is touched

2. First target for a long position at $106,701.5 / Target prices are Top and Good in that order.
If the strategy is successful, the first section is used to re-enter the long position.

If a correction occurs immediately without touching the first section at the top,
I'll wait for a long position at the bottom. Looking at the overall picture today, if the price drops to the bottom,

the medium-term pattern will be broken.

The purple support line must be maintained or the upper limit must be reached at 106.7K.

A rebound in the 1+4 range is required without breaking the green support line.

The Nasdaq variable is important, so please keep a close eye on the movement.

I hope you operate safely, with principled trading and stop-loss orders essential.

Thank you.

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