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Let's take a look at the Bitcoin analysis. The market is continuing its move to the upside.
⌛️ 4-Hour Time Frame
Bitcoin has successfully confirmed above the 62,287 level, and bullish momentum has started to increase.
✨ The price had been trading around the 62,287 level for some time, and now that it has confirmed above it, a new bullish leg could begin.
🔍 The next resistance levels are 64,747 and 67,295. Given the current bullish momentum, the price could continue moving toward these levels.
✔️ A move by the RSI into the overbought zone could signal the beginning of a stronger bullish wave, supporting the continuation of the
uptrend.
💥 On the other hand, if this bullish move turns out to be a fakeout and the price forms a lower high below 64,747, the probability of a breakdown below 59,270 will increase. In that case, we can look for a short position.
❌ 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 take a look at the Bitcoin analysis. The market is continuing its move to the upside.
⌛️ 4-Hour Time Frame
Bitcoin has successfully confirmed above the 62,287 level, and bullish momentum has started to increase.
✨ The price had been trading around the 62,287 level for some time, and now that it has confirmed above it, a new bullish leg could begin.
🔍 The next resistance levels are 64,747 and 67,295. Given the current bullish momentum, the price could continue moving toward these levels.
✔️ A move by the RSI into the overbought zone could signal the beginning of a stronger bullish wave, supporting the continuation of the
uptrend.
💥 On the other hand, if this bullish move turns out to be a fakeout and the price forms a lower high below 64,747, the probability of a breakdown below 59,270 will increase. In that case, we can look for a short position.
❌ 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
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
💥 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
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.