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Let’s move on to the Bitcoin analysis. Today the market reacted to its support zone.
⏳ 4-Hour Timeframe
Yesterday, Bitcoin entered the support zone between 78,760 and 79,559.
🔔 In this short-term bullish trend that Bitcoin has been moving in, this area is a very important support level. If price stabilizes below this zone, this bullish trend could come to an end.
🪣 For now, it looks like price has been supported from this area. But if Bitcoin forms a lower high below 82,220 and fails to reach this resistance in the next bullish move, the probability of the support zone breaking increases significantly. In that case, we can also get confirmation of a bearish trend shift.
✨ However, if price continues getting supported from this zone and breaks above 82,220, we can open a long position. A fake breakdown of the support zone would also bring bullish momentum into the market and could give us lower timeframe long setups.
❌ 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 the Bitcoin analysis. Today the market reacted to its support zone.
⏳ 4-Hour Timeframe
Yesterday, Bitcoin entered the support zone between 78,760 and 79,559.
🔔 In this short-term bullish trend that Bitcoin has been moving in, this area is a very important support level. If price stabilizes below this zone, this bullish trend could come to an end.
🪣 For now, it looks like price has been supported from this area. But if Bitcoin forms a lower high below 82,220 and fails to reach this resistance in the next bullish move, the probability of the support zone breaking increases significantly. In that case, we can also get confirmation of a bearish trend shift.
✨ However, if price continues getting supported from this zone and breaks above 82,220, we can open a long position. A fake breakdown of the support zone would also bring bullish momentum into the market and could give us lower timeframe long setups.
❌ 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.