[August 12 Bitcoin chart analysis]
BTCUSD 30Min Chart

*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.

-Long position strategy-

The CPI indicator will be released shortly at 9:30.
*This is a long position strategy to chase the price following the movement path of the red finger.

1) Entry point for the long position at $63,891.6 / Stop loss if the green support line is broken.

2) 1st target for the long position at $64,532 -> Good 2nd target.

- If the strategy is successful, use the 64.3K range to re-enter the long position.
- Final target price for the Great range after tomorrow.
If the green support line is broken,
Please be careful as the bottom is open up to the 1st zone.

Given the recent participation rate and the hot weather, if a stop loss occurs today, I will take a break from posting analysis articles this week.

I post the analysis results as a Comment every day.

Thank you.

(You can find the link on my profile.)

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- Check the results using the replay button on TradingView.
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