[August 11 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-

Currently, a MACD Dead Cross is in progress on the 12-hour and daily charts.

From this point on, it is the optimal entry zone for a short position.

*This is a long position strategy when following the movement path indicated by the red finger.

1) $63,963.8 Long position entry zone / Stop loss if broken below the green support line

2) $64,845 Long position 1st target -> Good 2nd target

- If the strategy is successful, $64.5K serves as a re-entry zone for the long position.

- Once the "Good" zone is touched, the MACD Dead Cross on the daily chart is ignored.

Please be cautious, as the area below the green support line opens up to the Bottom -> up to Zone 1.

I post the analysis results as a Comment every day.

Thank you.

(You can find the link on my profile.)

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#BTC Price Analysis# #Crypto #Altcoin Season# #BTC100K $USDT $BTC $GOLD $XRP $ETH