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Let’s go over an update on the Bitcoin analysis.
⌛️ 4-Hour Timeframe
In the previous analysis, Bitcoin had reached a support zone between 75,487 and 74,995 and reacted to it.
🔍 Now, price has held this support and moved back into the range between 77,369 and 79,385.
✔️ As price returned to this zone, we can again see weak momentum and declining volume. Price hasn’t been able to reach the top of the range and has only tapped it with a wick.
⚖️ If price breaks down from the bottom of the range, a bearish move toward 74,995 could begin, and we can look for entries using momentum triggers like candle setups.
📊 For long positions, a break above 79,285 is still a solid trigger. However, just like the last time price reached this area, volume is low and the trend looks weak. If this weakness continues, the probability of breaking 79,285 decreases.
❌ 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 go over an update on the Bitcoin analysis.
⌛️ 4-Hour Timeframe
In the previous analysis, Bitcoin had reached a support zone between 75,487 and 74,995 and reacted to it.
🔍 Now, price has held this support and moved back into the range between 77,369 and 79,385.
✔️ As price returned to this zone, we can again see weak momentum and declining volume. Price hasn’t been able to reach the top of the range and has only tapped it with a wick.
⚖️ If price breaks down from the bottom of the range, a bearish move toward 74,995 could begin, and we can look for entries using momentum triggers like candle setups.
📊 For long positions, a break above 79,285 is still a solid trigger. However, just like the last time price reached this area, volume is low and the trend looks weak. If this weakness continues, the probability of breaking 79,285 decreases.
❌ 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
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
💥 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
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。