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Let’s move on to the Bitcoin analysis. The price is in a very sensitive area, so it’s important to have a proper analysis.
⏳ 1-Hour Timeframe
Bitcoin is still near its support zone and is ranging around 110,420.
⭐ The top of the range is 111,714, and the price is forming a compression.
✨ At the same time, the RSI has formed a range between 30 and 50 and is oscillating.
📊 If 110,420 breaks, the probability of breaking the range increases significantly, and this level can serve as a good early short trigger.
📈 For long positions, we can open the first position on a break of 111,714. The next entry points would be 113,218 and 115,698.
🔔 Currently, market volume is very important and decisive; the volume favors sellers, which increases the probability of a bearish scenario. If this volume persists, Bitcoin’s support zone could break.
💥 However, if we see a change in volume and buying volume exceeds selling volume, we can expect Bitcoin to be supported in this area and move upwards.
❌ 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. The price is in a very sensitive area, so it’s important to have a proper analysis.
⏳ 1-Hour Timeframe
Bitcoin is still near its support zone and is ranging around 110,420.
⭐ The top of the range is 111,714, and the price is forming a compression.
✨ At the same time, the RSI has formed a range between 30 and 50 and is oscillating.
📊 If 110,420 breaks, the probability of breaking the range increases significantly, and this level can serve as a good early short trigger.
📈 For long positions, we can open the first position on a break of 111,714. The next entry points would be 113,218 and 115,698.
🔔 Currently, market volume is very important and decisive; the volume favors sellers, which increases the probability of a bearish scenario. If this volume persists, Bitcoin’s support zone could break.
💥 However, if we see a change in volume and buying volume exceeds selling volume, we can expect Bitcoin to be supported in this area and move upwards.
❌ 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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
💥 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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.