October 30 Bitcoin Bybit Chart Analysis : Navigating the Market

#Bybit #bitcoinchart #Bitcoin❗ #Write2Earn! #BinanceSquareFamily

Overview :

Hello, traders! This is your **Bitcoinguide** with the latest **Bitcoin** analysis from the **Bybit** 30-minute chart as of **October 30**.

Key Insights :

- NASDAQ Indicator : An announcement is expected at **9:30**, which may impact market sentiment.

- Bullish Trend :

The short-term pattern has been broken, suggesting that the **bullish trend** may persist today.

- Trading Strategy :

- Long Entry :

Consider a long position at **$71,563.5**; stop loss if the **purple support line** breaks.

- Short Switching :

At **$72,073.5**, switch to short if the **orange resistance line** breaks.

- Long Switching :

At **$70,283.5**, switch to long if the **green support line** holds.

Conclusions :

While the current market shows sideways movement between the **orange resistance line** and **purple support line**, a potential bullish trend may emerge if the **green support line** remains intact.

Advice :

- Monitor the pink resistance line closely; it will determine your next moves.

- Use stop-loss strategies to manage risk effectively.

- Stay informed with real-time updates, and adapt your strategy as necessary.

Thank you for following along, and trade safely