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Let's move on to the Bitcoin analysis—finally, the support zone that Bitcoin had has been broken. Let’s review what has happened in the market.
⏳ 1-Hour Timeframe
Yesterday, Bitcoin was in a consolidation range between 110,420 and 111,714.
✔️ Bearish signals, such as Dow Theory structure and high volume on bearish candles, were visible on the chart. Eventually, this led to a break of the consolidation from the bottom, and the support zone was lost.
🔍 After breaking this area, the price retraced and, with a consolidation below 107,790, confirmed the breakdown.
⭐ Currently, the price is at 104,483 and has reacted to it. The RSI oscillator has also reacted to its support area at 22.19 and has been holding near this support for several candles.
📉 If the price continues to drop, this 104,483 level serves as a suitable trigger for the next entry point. Breaking this level could push the price toward the next support zones.
🔔 However, if the price moves upward and fully fakes this drop, a consolidation above 111,714 would confirm a bullish reversal for Bitcoin, allowing us to open long positions with much higher momentum.
💡 I personally opened a short position at the break of 110,420 and am not taking profit yet because it’s a good entry point. In the future, if the market drops, it will provide strong support for subsequent positions.
💥 If the market moves upward and this short gets stopped, strong bullish momentum will enter, making the long positions we open in the next leg very attractive.
❌ 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 move on to the Bitcoin analysis—finally, the support zone that Bitcoin had has been broken. Let’s review what has happened in the market.
⏳ 1-Hour Timeframe
Yesterday, Bitcoin was in a consolidation range between 110,420 and 111,714.
✔️ Bearish signals, such as Dow Theory structure and high volume on bearish candles, were visible on the chart. Eventually, this led to a break of the consolidation from the bottom, and the support zone was lost.
🔍 After breaking this area, the price retraced and, with a consolidation below 107,790, confirmed the breakdown.
⭐ Currently, the price is at 104,483 and has reacted to it. The RSI oscillator has also reacted to its support area at 22.19 and has been holding near this support for several candles.
📉 If the price continues to drop, this 104,483 level serves as a suitable trigger for the next entry point. Breaking this level could push the price toward the next support zones.
🔔 However, if the price moves upward and fully fakes this drop, a consolidation above 111,714 would confirm a bullish reversal for Bitcoin, allowing us to open long positions with much higher momentum.
💡 I personally opened a short position at the break of 110,420 and am not taking profit yet because it’s a good entry point. In the future, if the market drops, it will provide strong support for subsequent positions.
💥 If the market moves upward and this short gets stopped, strong bullish momentum will enter, making the long positions we open in the next leg very attractive.
❌ 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
💰 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
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
💥 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
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน