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Yesterday, Bitcoin’s bearish movement continued once again, and the price has now reached a very important support level.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, Bitcoin is in its second bearish wave. After correcting up to 10,6644, it started a fresh downward move.
✔️ Yesterday, the price interacted with the 99,827 zone, which overlaps with the 0.5 Fibonacci level. After this zone was broken, the bearish move extended down to 94,355.
⚡️ The 94,355 level overlaps with the 0.786 Fibonacci retracement, and so far, the price has shown a reaction to it and is currently ranging near this support.
💫 If the 94,355 level breaks, we will have confirmation of a continued downtrend, and we can open a short position on the breakout.
💡 For previously opened short positions, you can move your stop-loss above 97,021, and if the price stabilizes above that level, you can take profit and secure your gains.
📊 For long positions, it’s better to wait until bullish momentum returns to the market.
❌ 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.
Yesterday, Bitcoin’s bearish movement continued once again, and the price has now reached a very important support level.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, Bitcoin is in its second bearish wave. After correcting up to 10,6644, it started a fresh downward move.
✔️ Yesterday, the price interacted with the 99,827 zone, which overlaps with the 0.5 Fibonacci level. After this zone was broken, the bearish move extended down to 94,355.
⚡️ The 94,355 level overlaps with the 0.786 Fibonacci retracement, and so far, the price has shown a reaction to it and is currently ranging near this support.
💫 If the 94,355 level breaks, we will have confirmation of a continued downtrend, and we can open a short position on the breakout.
💡 For previously opened short positions, you can move your stop-loss above 97,021, and if the price stabilizes above that level, you can take profit and secure your gains.
📊 For long positions, it’s better to wait until bullish momentum returns to the market.
❌ 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
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
💥 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
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.