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Let's take a look at the Bitcoin analysis. The next bearish wave could be about to begin.
⌛️1-Hour Time Frame
Yesterday, Bitcoin found support at 61,734 and is now testing the 63,062 resistance level.
✔️ A breakout above 63,062 would provide a risky long entry. If this level is broken, the price could continue moving toward the 64,514 resistance.
🔍 The main confirmation for the next bullish wave will come with a breakout above 64,514. A confirmed break of this level would provide the primary trigger for opening a long position.
💡 At the moment, Bitcoin is trading inside a range between 61,734 and 64,514. If the price forms a lower high below 64,514 within this range, the probability of a breakdown below 61,734 will increase.
⛏ In that case, a break below 61,734 would provide a valid trigger for opening a short position.
❌ 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 next bearish wave could be about to begin.
⌛️1-Hour Time Frame
Yesterday, Bitcoin found support at 61,734 and is now testing the 63,062 resistance level.
✔️ A breakout above 63,062 would provide a risky long entry. If this level is broken, the price could continue moving toward the 64,514 resistance.
🔍 The main confirmation for the next bullish wave will come with a breakout above 64,514. A confirmed break of this level would provide the primary trigger for opening a long position.
💡 At the moment, Bitcoin is trading inside a range between 61,734 and 64,514. If the price forms a lower high below 64,514 within this range, the probability of a breakdown below 61,734 will increase.
⛏ In that case, a break below 61,734 would provide a valid trigger for opening a short position.
❌ 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
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
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.