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Let’s move on to the Bitcoin analysis. Today is Saturday, but there’s still a chance the market starts a move.
⏳ 4-Hour Timeframe
The support level we had for Bitcoin yesterday was 78,809, and personally, I expected that if Bitcoin was going to get supported anywhere, this area would be the first important support level.
⭐️ However, Bitcoin got supported before even reaching this zone and didn’t continue its drop further. Today is also Saturday, and with the start of the new daily candle, volume has dropped significantly.
✔️ There’s a high chance that the market keeps ranging until Sunday, but we still need to stay focused on the chart so we can open positions if the triggers get activated.
⛏️ The long trigger is still the break of 81,600. If price moves toward this area with increasing volume, we can look for a long position.
🔔 For short positions, it’s still a bit early and we need more confirmations. Forming a lower high below 81,600 along with selling volume entering the market would be the first sign for a potential short setup.
❌ 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 is Saturday, but there’s still a chance the market starts a move.
⏳ 4-Hour Timeframe
The support level we had for Bitcoin yesterday was 78,809, and personally, I expected that if Bitcoin was going to get supported anywhere, this area would be the first important support level.
⭐️ However, Bitcoin got supported before even reaching this zone and didn’t continue its drop further. Today is also Saturday, and with the start of the new daily candle, volume has dropped significantly.
✔️ There’s a high chance that the market keeps ranging until Sunday, but we still need to stay focused on the chart so we can open positions if the triggers get activated.
⛏️ The long trigger is still the break of 81,600. If price moves toward this area with increasing volume, we can look for a long position.
🔔 For short positions, it’s still a bit early and we need more confirmations. Forming a lower high below 81,600 along with selling volume entering the market would be the first sign for a potential short setup.
❌ 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
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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.