[SEPTEMBER 1 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-

This is the Bitcoin 30-minute chart.
A MACD Dead Cross is currently in progress on the daily chart.
Caution is required as this position has the potential for a sharp decline.
I have developed a strategy based on a sideways market that maintains the channel.

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

1) Entry point for the long position at $77,309.9 / Stop loss if the purple support line is broken

2) 1st target for the long position at $78,711 -> Target prices in the order of Top, Good

While the overall trend suggests the Bottom zone is likely,
I proceeded with the strategy based on the Nasdaq's movements.
If the Bottom is broken, the possibility of reaching Zone 1 remains open.

I post the analysis results as a Comment every day.

Thank you.

(You can find the link on my profile.)

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