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Let's take a look at the Bitcoin analysis. The market is currently trading inside a range, and a breakout could happen at any moment.
⌛️ 4-Hour Time Frame
On the 4-hour chart, Bitcoin briefly faked a breakdown below the 59,391 level before reversing higher and following an ascending trendline toward the 64,514 resistance.
✔️ At the moment, the price is testing the 64,514 resistance. If this level is broken, Bitcoin could continue its move toward the major resistance at 67,295.
✨ In that case, a breakout above 64,514 would provide a valid long entry, while the primary long trigger remains a confirmed breakout above 67,295.
⛏ On the other hand, if the price gets rejected from the current resistance and the ascending trendline is broken, the market could move back toward the bottom of the range. In that scenario, a break below the range low would provide a valid short-entry trigger.
❌ 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. The market is currently trading inside a range, and a breakout could happen at any moment.
⌛️ 4-Hour Time Frame
On the 4-hour chart, Bitcoin briefly faked a breakdown below the 59,391 level before reversing higher and following an ascending trendline toward the 64,514 resistance.
✔️ At the moment, the price is testing the 64,514 resistance. If this level is broken, Bitcoin could continue its move toward the major resistance at 67,295.
✨ In that case, a breakout above 64,514 would provide a valid long entry, while the primary long trigger remains a confirmed breakout above 67,295.
⛏ On the other hand, if the price gets rejected from the current resistance and the ascending trendline is broken, the market could move back toward the bottom of the range. In that scenario, a break below the range low would provide a valid short-entry trigger.
❌ 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
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.