[July 29 Bitcoin chart analysis]
BTCUSD 30Min Chart

*My analysis is optimized for TradingView.
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-Long position strategy-

This is the Bitcoin 30-minute chart.
The US FOMC indicators will be released shortly at 3 PM.
The Nasdaq has touched a major support line.

*Long Position Strategy based on the movement path of the red finger

1) Entry point for a long position at $63,829 / Stop loss if the green support line is broken.

2) 1st target for a long position at $65,120.5 -> 2nd target at the top zone of $65,995.7.

If the green support line is broken,
it could fall to the bottom -> up to zone 1 at most.
Zone 1 is today's major rebound zone.

Looking at the Nasdaq's movement based on short-term patterns,
an upward-sloping sideways market is expected,
and if it breaks below the previous low, it could lead to a mid-to-long-term decline.

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