👋 Welcome to TradeCityPro!
Let's analyze Bitcoin. The market may continue its bearish move today.
⏳ 4-Hour Time Frame
Yesterday, Bitcoin reacted to a new support level at 59,856.
✔️ After bouncing from this support, price managed a short corrective move toward 62,287.
📊 At the moment, if Bitcoin confirms a breakdown below 59,856, the bearish trend could continue and price may decline toward the next major support at 54,368.
✨ If 59,856 breaks, I strongly suggest looking for short positions. If you are already holding a short position, it may be worth keeping it open and monitoring how price reacts around this support level.
🧮 On the other hand, if price manages to hold above this level and starts moving higher, I would still prefer to wait for a bullish structure and momentum to develop before considering any long positions.
🪣 For now, the market remains bearish, and the main focus is on whether Bitcoin can break below 59,856 and continue its move toward 54,368.
❌ 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 analyze Bitcoin. The market may continue its bearish move today.
⏳ 4-Hour Time Frame
Yesterday, Bitcoin reacted to a new support level at 59,856.
✔️ After bouncing from this support, price managed a short corrective move toward 62,287.
📊 At the moment, if Bitcoin confirms a breakdown below 59,856, the bearish trend could continue and price may decline toward the next major support at 54,368.
✨ If 59,856 breaks, I strongly suggest looking for short positions. If you are already holding a short position, it may be worth keeping it open and monitoring how price reacts around this support level.
🧮 On the other hand, if price manages to hold above this level and starts moving higher, I would still prefer to wait for a bullish structure and momentum to develop before considering any long positions.
🪣 For now, the market remains bearish, and the main focus is on whether Bitcoin can break below 59,856 and continue its move toward 54,368.
❌ 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
💥 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.