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Today a new weekly candle has opened, so let’s analyze Bitcoin and review the trading conditions for the new week.
⏳ 1-Hour Timeframe
Bitcoin has formed a ranging box in the 1-hour timeframe, and with the start of the new week and month, the candle volumes have increased significantly.
✔️ The trendline we drew yesterday on the 4-hour timeframe can also have an impact here in the 1-hour chart, and if the price reaches it, a reaction is very likely.
✨ If the price reacts to the trendline and gets rejected, the downward move can continue. The trigger we currently have for a short position is the break of 107467.
⚡️ But if the trendline is broken, we can open a long position with the activation of the trendline trigger, which is the break of 109577. In this case, Bitcoin could start a bullish move that may continue towards resistance areas.
🧩 Yesterday was the last day of the month, and today is the first day of the new month. Many companies and funds are forced to open or close their positions due to accounting strategies. This has caused some unusual volatility.
🔍 Keep this in mind: I recommend not opening any major positions today. If you do, manage them with proper risk control until the market returns to normal conditions.
❌ 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.
Today a new weekly candle has opened, so let’s analyze Bitcoin and review the trading conditions for the new week.
⏳ 1-Hour Timeframe
Bitcoin has formed a ranging box in the 1-hour timeframe, and with the start of the new week and month, the candle volumes have increased significantly.
✔️ The trendline we drew yesterday on the 4-hour timeframe can also have an impact here in the 1-hour chart, and if the price reaches it, a reaction is very likely.
✨ If the price reacts to the trendline and gets rejected, the downward move can continue. The trigger we currently have for a short position is the break of 107467.
⚡️ But if the trendline is broken, we can open a long position with the activation of the trendline trigger, which is the break of 109577. In this case, Bitcoin could start a bullish move that may continue towards resistance areas.
🧩 Yesterday was the last day of the month, and today is the first day of the new month. Many companies and funds are forced to open or close their positions due to accounting strategies. This has caused some unusual volatility.
🔍 Keep this in mind: I recommend not opening any major positions today. If you do, manage them with proper risk control until the market returns to normal conditions.
❌ 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
İlgili yayınlar
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
İlgili yayınlar
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.