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Let’s move on to Bitcoin analysis. Today, Bitcoin could give us a trading opportunity.
⏳ 1-Hour Timeframe
Yesterday, after Bitcoin made another pullback to the 68,365 level, selling volume entered the market and price moved downward to 65,402.
✔️ Right now, price is going through a corrective move again, and volume is decreasing. This shows that sellers are still in control, and if 65,402 gets broken, we can look for a short position.
✨ As I mentioned in previous analyses, the main short trigger is still 62,824. A break of this level would confirm the start of the next bearish wave. Until that happens, we shouldn’t expect strong bearish momentum in the market.
⭐ If price manages to stabilize above 68,365, we can get the first confirmation of a bullish shift in Bitcoin. However, in my view, the main long trigger is still the 71,670 area.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Let’s move on to Bitcoin analysis. Today, Bitcoin could give us a trading opportunity.
⏳ 1-Hour Timeframe
Yesterday, after Bitcoin made another pullback to the 68,365 level, selling volume entered the market and price moved downward to 65,402.
✔️ Right now, price is going through a corrective move again, and volume is decreasing. This shows that sellers are still in control, and if 65,402 gets broken, we can look for a short position.
✨ As I mentioned in previous analyses, the main short trigger is still 62,824. A break of this level would confirm the start of the next bearish wave. Until that happens, we shouldn’t expect strong bearish momentum in the market.
⭐ If price manages to stabilize above 68,365, we can get the first confirmation of a bullish shift in Bitcoin. However, in my view, the main long trigger is still the 71,670 area.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.