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Let’s dive into the Bitcoin analysis. The market is currently in an upward correction phase.
⏳ 1-Hour Timeframe
Yesterday, Bitcoin was supported at the 85,770 level and made another upward move.
✨ Currently, the price has reached the 89,000 level and has been rejected from there. This zone is a very strong PRZ (Potential Reversal Zone).
✔️ As long as the price doesn’t break below the 85,770 support, the possibility of breaking the 89,000 resistance still exists. Breaking this level, as mentioned in previous analyses, will be the first sign of a trend reversal for Bitcoin.
📊 The selling volume in the red candles has decreased a bit. Now, if the buying volume increases with the green candles, the likelihood of breaking the resistance increases.
⭐ However, if the price moves downward and breaks the 85,770 support, we can expect Bitcoin to move back toward the 82,214 level.
🧮 Therefore, we can use the break of 85,770 as a trigger for opening a short position.
🎲 For confirmation on higher cycles, the confirmation for a bullish reversal will come after stabilizing above 93,555, and the confirmation for a bearish trend will come after stabilizing below 82,214.
❌ 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. The market is currently in an upward correction phase.
⏳ 1-Hour Timeframe
Yesterday, Bitcoin was supported at the 85,770 level and made another upward move.
✨ Currently, the price has reached the 89,000 level and has been rejected from there. This zone is a very strong PRZ (Potential Reversal Zone).
✔️ As long as the price doesn’t break below the 85,770 support, the possibility of breaking the 89,000 resistance still exists. Breaking this level, as mentioned in previous analyses, will be the first sign of a trend reversal for Bitcoin.
📊 The selling volume in the red candles has decreased a bit. Now, if the buying volume increases with the green candles, the likelihood of breaking the resistance increases.
⭐ However, if the price moves downward and breaks the 85,770 support, we can expect Bitcoin to move back toward the 82,214 level.
🧮 Therefore, we can use the break of 85,770 as a trigger for opening a short position.
🎲 For confirmation on higher cycles, the confirmation for a bullish reversal will come after stabilizing above 93,555, and the confirmation for a bearish trend will come after stabilizing below 82,214.
❌ 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
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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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
💥 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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.