👋 Welcome to TradeCityPro!
Let’s move on to the Bitcoin analysis. The market experienced a strong drop yesterday, and with the start of a new week and a new month, a fresh trend is beginning to form.
⏳ 1-Hour Timeframe
Yesterday, we had a long trigger on Bitcoin at 91,089. After activation, the price moved upward toward 91,813.
🔔 The 91,813 level was our next long trigger, and breaking it could have pushed the price toward the main resistance at 93,555.
✔️ But that didn’t happen.
The price was rejected from 91,813, and gradually, selling pressure increased across the market.
📊 Once the price stabilized below 90,421 — which was our short trigger — the main bearish move began. Bitcoin dropped sharply with a large bearish candle all the way down to 85,770.
🔍 The support zones at 89,082 and 87,942 did not hold either, because the move was extremely sharp and the price ignored them entirely.
💥 If you remember, we also had a momentum support on the RSI at 42.11.
💫 Once RSI stabilized below that level, the bullish momentum completely disappeared. Momentum shifted fully to bearish.
⚡️ Right now, RSI is still in the oversold zone and is pulling back toward the 30 level.
⚖️ If RSI starts moving downward again from here, Bitcoin has the potential to drop much further.
💡 Today, opening a position is much riskier than yesterday, but if you missed the move, breaking 85,770 isn’t a bad option for a continuation short.
✨ Just be careful: the market today is far more risky, so take positions with smaller risk and tighter management.
❌ 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. The market experienced a strong drop yesterday, and with the start of a new week and a new month, a fresh trend is beginning to form.
⏳ 1-Hour Timeframe
Yesterday, we had a long trigger on Bitcoin at 91,089. After activation, the price moved upward toward 91,813.
🔔 The 91,813 level was our next long trigger, and breaking it could have pushed the price toward the main resistance at 93,555.
✔️ But that didn’t happen.
The price was rejected from 91,813, and gradually, selling pressure increased across the market.
📊 Once the price stabilized below 90,421 — which was our short trigger — the main bearish move began. Bitcoin dropped sharply with a large bearish candle all the way down to 85,770.
🔍 The support zones at 89,082 and 87,942 did not hold either, because the move was extremely sharp and the price ignored them entirely.
💥 If you remember, we also had a momentum support on the RSI at 42.11.
💫 Once RSI stabilized below that level, the bullish momentum completely disappeared. Momentum shifted fully to bearish.
⚡️ Right now, RSI is still in the oversold zone and is pulling back toward the 30 level.
⚖️ If RSI starts moving downward again from here, Bitcoin has the potential to drop much further.
💡 Today, opening a position is much riskier than yesterday, but if you missed the move, breaking 85,770 isn’t a bad option for a continuation short.
✨ Just be careful: the market today is far more risky, so take positions with smaller risk and tighter management.
❌ 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