👋 Welcome to TradeCityPro!
Let’s dive into the Bitcoin analysis. Today is the last day of the week, and it could be a decisive one for the market.
⏳ Time Frame: 1H
Yesterday, Bitcoin managed to close and hold above the 63,978 level. However, this move has been accompanied by significant trend weakness.
🎯 The level currently in focus is 64,607, which price has already tested twice.
💡 At the same time, an ascending trendline is visible on the chart. If this trendline gets broken, it could provide a valid short setup.
📊 Given the clear weakness in the current bullish move, declining volume, and the fact that RSI is holding around the 50 support level, a short position on a trendline break appears to be a logical trigger.
💥 If RSI closes below 50, bearish momentum could enter the market and increase the probability of further downside.
⚡️ For long positions, it’s better to remain patient until the current weakness fades and stronger bullish momentum returns to the market. At the moment, the price structure and volume profile do not provide enough confirmation for a high-confidence long 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 dive into the Bitcoin analysis. Today is the last day of the week, and it could be a decisive one for the market.
⏳ Time Frame: 1H
Yesterday, Bitcoin managed to close and hold above the 63,978 level. However, this move has been accompanied by significant trend weakness.
🎯 The level currently in focus is 64,607, which price has already tested twice.
💡 At the same time, an ascending trendline is visible on the chart. If this trendline gets broken, it could provide a valid short setup.
📊 Given the clear weakness in the current bullish move, declining volume, and the fact that RSI is holding around the 50 support level, a short position on a trendline break appears to be a logical trigger.
💥 If RSI closes below 50, bearish momentum could enter the market and increase the probability of further downside.
⚡️ For long positions, it’s better to remain patient until the current weakness fades and stronger bullish momentum returns to the market. At the moment, the price structure and volume profile do not provide enough confirmation for a high-confidence long 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.
액티브 트레이드
Yesterday, Bitcoin was rejected from the 64,607 resistance level and initially moved lower.
✔️ However, after the 63,978 level was faked out and news of a potential agreement between Iran and the United States hit the market, Bitcoin experienced a sharp bullish rally.
🔔 This move occurred exactly when trading volume had dropped to its lowest levels, meaning market participation was extremely low.
💥 Following that period of low volume, a strong bullish move emerged with significant buying volume, and price has now managed to stabilize above 64,607.
⛏ The RSI also entered the overbought zone during this rally, but it failed to hold above that area and continue its sharp upward momentum, eventually dropping back below the overbought level.
💫 The next major resistance for Bitcoin is 67,322. If price reaches this level, taking profits would be a reasonable decision.
✍️ For new long positions, it’s better to wait for more market structure to develop before looking for an entry. As for short positions, it’s best to wait for a clear trend reversal before considering any setups.
💥 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
💥 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.