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Let’s dive into the Bitcoin analysis. Today is the start of the week, and the market has begun a downward move.
⌛️ 4-Hour Timeframe
After failing to reach the previous high at 68,949, Bitcoin formed a lower high and then closed a strong red candle below the 66,117 level.
✔️ So far, price hasn’t been able to stabilize below this area, which means there’s still a chance this breakdown could turn out to be a fake move.
🔍 If this level gets faked, price will move back into the range between 66,117 and 68,949. In that case, we’ll need to wait for more structure to form before looking for new trade triggers.
✨ However, if price pulls back to 66,117 and then continues its bearish move, we can look for short positions on the next leg down, using lower timeframes with candle setups or Dow Theory confirmation.
📊 The main short trigger remains 62,824, and until price reaches that level, it’s better to manage risk and keep position sizes smaller.
💥 The same logic applies to longs: as long as price is below 71,452, all long setups should be considered risky.
❌ 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 dive into the Bitcoin analysis. Today is the start of the week, and the market has begun a downward move.
⌛️ 4-Hour Timeframe
After failing to reach the previous high at 68,949, Bitcoin formed a lower high and then closed a strong red candle below the 66,117 level.
✔️ So far, price hasn’t been able to stabilize below this area, which means there’s still a chance this breakdown could turn out to be a fake move.
🔍 If this level gets faked, price will move back into the range between 66,117 and 68,949. In that case, we’ll need to wait for more structure to form before looking for new trade triggers.
✨ However, if price pulls back to 66,117 and then continues its bearish move, we can look for short positions on the next leg down, using lower timeframes with candle setups or Dow Theory confirmation.
📊 The main short trigger remains 62,824, and until price reaches that level, it’s better to manage risk and keep position sizes smaller.
💥 The same logic applies to longs: as long as price is below 71,452, all long setups should be considered risky.
❌ 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
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🤵 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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
💥 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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.