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Let’s dive into the Bitcoin analysis. Yesterday, the market delivered a strong bullish move.
⌛️ Time Frame: 1H
Yesterday, Bitcoin was rejected from the 64,607 resistance level and initially moved lower.
✔️ However, after the 63,978 level was faked out and news of a potential agreement between Iran and the United States hit the market, Bitcoin experienced a sharp bullish rally.
🔔 This move occurred exactly when trading volume had dropped to its lowest levels, meaning market participation was extremely low.
💥 Following that period of low volume, a strong bullish move emerged with significant buying volume, and price has now managed to stabilize above 64,607.
⛏ The RSI also entered the overbought zone during this rally, but it failed to hold above that area and continue its sharp upward momentum, eventually dropping back below the overbought level.
💫 The next major resistance for Bitcoin is 67,322. If price reaches this level, taking profits would be a reasonable decision.
✍️ For new long positions, it’s better to wait for more market structure to develop before looking for an entry. As for short positions, it’s best to wait for a clear trend reversal before considering any setups.
❌ 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 dive into the Bitcoin analysis. Yesterday, the market delivered a strong bullish move.
⌛️ Time Frame: 1H
Yesterday, Bitcoin was rejected from the 64,607 resistance level and initially moved lower.
✔️ However, after the 63,978 level was faked out and news of a potential agreement between Iran and the United States hit the market, Bitcoin experienced a sharp bullish rally.
🔔 This move occurred exactly when trading volume had dropped to its lowest levels, meaning market participation was extremely low.
💥 Following that period of low volume, a strong bullish move emerged with significant buying volume, and price has now managed to stabilize above 64,607.
⛏ The RSI also entered the overbought zone during this rally, but it failed to hold above that area and continue its sharp upward momentum, eventually dropping back below the overbought level.
💫 The next major resistance for Bitcoin is 67,322. If price reaches this level, taking profits would be a reasonable decision.
✍️ For new long positions, it’s better to wait for more market structure to develop before looking for an entry. As for short positions, it’s best to wait for a clear trend reversal before considering any setups.
❌ 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
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
💥 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
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。