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Let's take a look at the Bitcoin analysis. Today, the market is at a key decision point.
⌛️1-Hour Time Frame
After breaking above the 60,845 level, Bitcoin started a bullish move.
📊 However, this rally has been accompanied by trend weakness, which can be seen in the smaller candle sizes and the declining buying volume.
💥 At the same time, the RSI has repeatedly attempted to hold above the overbought zone, but each attempt has been rejected, resulting in the formation of a bearish divergence.
✨ It appears that this divergence is now close to being confirmed. If that happens, a deeper correction could begin. In that case, a break below 62,468 would provide a short-term scalp short opportunity.
✔️ On the other hand, if the bullish move continues, a confirmed breakout above 63,340 would provide a valid trigger for opening a long 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. Today, the market is at a key decision point.
⌛️1-Hour Time Frame
After breaking above the 60,845 level, Bitcoin started a bullish move.
📊 However, this rally has been accompanied by trend weakness, which can be seen in the smaller candle sizes and the declining buying volume.
💥 At the same time, the RSI has repeatedly attempted to hold above the overbought zone, but each attempt has been rejected, resulting in the formation of a bearish divergence.
✨ It appears that this divergence is now close to being confirmed. If that happens, a deeper correction could begin. In that case, a break below 62,468 would provide a short-term scalp short opportunity.
✔️ On the other hand, if the bullish move continues, a confirmed breakout above 63,340 would provide a valid trigger for opening a long 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.
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🏆 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.