Bitcoin Analysis
Date: June 24, 2026
4-Hour Timeframe (Overall Analysis):
We are currently in a downtrend on Bitcoin. The red line represents the main bearish movement, while the green line shows the corrective phase of this downtrend.
It appears that the corrective phase may have completed, and we are potentially ready for the second wave of the downward move.
Volume analysis supports this view: volume increases on every decline and decreases during upward moves. This clearly confirms that volume is still backing the downtrend.
All these factors together encourage us to align with the prevailing bearish trend.
Breaking the previous low could serve as a continuation trigger. However, because the key support zone between $60,300 – $61,000 is very significant, there is a risk that price could spike through this level with a highly emotional candle, causing us to miss the entry.
Therefore, the better approach is to take a controlled risk and use an earlier trigger for entry.
15-Minute Timeframe (Entry Trigger):
We can open a short position upon breaking the support at $62,345.
Place the stop-loss behind the previous high or the significant rejection point formed during the breakout. The stop-loss size should be calculated so that we achieve a minimum 2:1 reward-to-risk ratio by the time price reaches the next major support level. This allows us to move the position to breakeven (risk-free) as soon as possible.
Date: June 24, 2026
4-Hour Timeframe (Overall Analysis):
We are currently in a downtrend on Bitcoin. The red line represents the main bearish movement, while the green line shows the corrective phase of this downtrend.
It appears that the corrective phase may have completed, and we are potentially ready for the second wave of the downward move.
Volume analysis supports this view: volume increases on every decline and decreases during upward moves. This clearly confirms that volume is still backing the downtrend.
All these factors together encourage us to align with the prevailing bearish trend.
Breaking the previous low could serve as a continuation trigger. However, because the key support zone between $60,300 – $61,000 is very significant, there is a risk that price could spike through this level with a highly emotional candle, causing us to miss the entry.
Therefore, the better approach is to take a controlled risk and use an earlier trigger for entry.
15-Minute Timeframe (Entry Trigger):
We can open a short position upon breaking the support at $62,345.
Place the stop-loss behind the previous high or the significant rejection point formed during the breakout. The stop-loss size should be calculated so that we achieve a minimum 2:1 reward-to-risk ratio by the time price reaches the next major support level. This allows us to move the position to breakeven (risk-free) as soon as possible.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน