👋 Welcome to TradeCity Pro!
Let’s move on to Bitcoin analysis — today I’ll cover the 1-Hour timeframe since Bitcoin is ranging and there isn’t much signal on higher timeframes.
⏳ 1-Hour Timeframe
Currently, Bitcoin is sitting inside its support zone and hasn’t given a confirmed breakdown below this level yet.
📊 However, due to the lack of strong buyers and continuously decreasing volume, it looks like there’s still a chance for deeper corrections.
✔️ Of course, since it’s the weekend, lower volume can be expected. At the start of next week, we’ll need to see which direction price decides to move first.
🥸 Right now, Bitcoin has formed a box structure within the support zone. I believe the breakout of this box will be very important.
If the box breaks to the upside, Bitcoin could head back toward the 122545 resistance level.
If it breaks to the downside, the probability of another move toward 110000 will increase.
🔔 For now, I won’t be opening any new positions until the weekend is over. I’ll wait to see how the market reacts next week. Naturally, I won’t be giving any triggers for new positions until then.
❌ 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 Bitcoin analysis — today I’ll cover the 1-Hour timeframe since Bitcoin is ranging and there isn’t much signal on higher timeframes.
⏳ 1-Hour Timeframe
Currently, Bitcoin is sitting inside its support zone and hasn’t given a confirmed breakdown below this level yet.
📊 However, due to the lack of strong buyers and continuously decreasing volume, it looks like there’s still a chance for deeper corrections.
✔️ Of course, since it’s the weekend, lower volume can be expected. At the start of next week, we’ll need to see which direction price decides to move first.
🥸 Right now, Bitcoin has formed a box structure within the support zone. I believe the breakout of this box will be very important.
If the box breaks to the upside, Bitcoin could head back toward the 122545 resistance level.
If it breaks to the downside, the probability of another move toward 110000 will increase.
🔔 For now, I won’t be opening any new positions until the weekend is over. I’ll wait to see how the market reacts next week. Naturally, I won’t be giving any triggers for new positions until then.
❌ 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
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。
💥 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。