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Let's analyze Bitcoin. The bullish move is getting underway, so we need to stay alert and avoid missing it.
⏳ 1H Timeframe
Yesterday, we had a long trigger on Bitcoin, and it has now been activated. Our position is currently in profit.
⛏ The trigger was 65,611. After breaking above this level, Bitcoin has started a bullish move toward 67,278.
💥 The RSI entered the overbought zone once but failed to hold above it, resulting in a false breakout.
💡 We've also seen an increase in buying volume, and for now, there are no signs of weakness in the bullish trend.
🪣 If the RSI enters the overbought zone again and manages to hold there, Bitcoin could even break above 67,278 and begin a sharp bullish move. From a momentum perspective, our main RSI resistance level is 78.75. If the RSI reaches that level, signs of trend weakness may gradually start to appear.
⭐ On the other hand, if the RSI fails to hold above 70, Bitcoin will likely get rejected from its resistance zone, and we'll wait for a new market structure to form.
❌ 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 bullish move is getting underway, so we need to stay alert and avoid missing it.
⏳ 1H Timeframe
Yesterday, we had a long trigger on Bitcoin, and it has now been activated. Our position is currently in profit.
⛏ The trigger was 65,611. After breaking above this level, Bitcoin has started a bullish move toward 67,278.
💥 The RSI entered the overbought zone once but failed to hold above it, resulting in a false breakout.
💡 We've also seen an increase in buying volume, and for now, there are no signs of weakness in the bullish trend.
🪣 If the RSI enters the overbought zone again and manages to hold there, Bitcoin could even break above 67,278 and begin a sharp bullish move. From a momentum perspective, our main RSI resistance level is 78.75. If the RSI reaches that level, signs of trend weakness may gradually start to appear.
⭐ On the other hand, if the RSI fails to hold above 70, Bitcoin will likely get rejected from its resistance zone, and we'll wait for a new market structure to form.
❌ 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.