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Let's take a look at the Bitcoin analysis. The market is currently trading inside a range, and a breakout could happen at any moment.
⌛️ 4-Hour Time Frame
On the 4-hour chart, Bitcoin briefly faked a breakdown below the 59,391 level before reversing higher and following an ascending trendline toward the 64,514 resistance.
✔️ At the moment, the price is testing the 64,514 resistance. If this level is broken, Bitcoin could continue its move toward the major resistance at 67,295.
✨ In that case, a breakout above 64,514 would provide a valid long entry, while the primary long trigger remains a confirmed breakout above 67,295.
⛏ On the other hand, if the price gets rejected from the current resistance and the ascending trendline is broken, the market could move back toward the bottom of the range. In that scenario, a break below the range low would provide a valid short-entry trigger.
❌ 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 take a look at the Bitcoin analysis. The market is currently trading inside a range, and a breakout could happen at any moment.
⌛️ 4-Hour Time Frame
On the 4-hour chart, Bitcoin briefly faked a breakdown below the 59,391 level before reversing higher and following an ascending trendline toward the 64,514 resistance.
✔️ At the moment, the price is testing the 64,514 resistance. If this level is broken, Bitcoin could continue its move toward the major resistance at 67,295.
✨ In that case, a breakout above 64,514 would provide a valid long entry, while the primary long trigger remains a confirmed breakout above 67,295.
⛏ On the other hand, if the price gets rejected from the current resistance and the ascending trendline is broken, the market could move back toward the bottom of the range. In that scenario, a break below the range low would provide a valid short-entry trigger.
❌ 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.
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🏆 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.