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Let’s dive into today’s Bitcoin analysis. The market, after experiencing a decline, is now ready to resume its primary bullish trend.
⏳ 1-Hour Timeframe
Yesterday, after Bitcoin confirmed a break below the channel, it retested the channel and activated the trigger at 123493, leading to a brief bearish movement.
📊 The first support zone was 122574, but the price didn't react to it, resulting in a break below. The next key support zone was 120835, where the price reacted and formed a low.
✨ After the price found support at 120835, a peak formed at 122084, creating a compression between 120835 and 122084.
📈 Currently, after breaking above the compression range, a bullish movement has started, and the price has reached back above 123491.
⚡️ The good thing about the correction to 120835 is that many long positions that hadn’t taken profit were now closed, reducing selling pressure in the market. This provides Bitcoin a chance to continue its bullish trend with a more structured approach.
🚀 However, if the price fails to break the previous high of 126042, a lower high would form, which is a sign of weakness in the bullish trend.
🎲 If that happens, and if the price stabilizes below 120835, we’ll get confirmation of a bearish shift in this timeframe. But for now, this hasn’t happened, and the market momentum remains bullish.
🔍 For a new position, if you haven’t opened a position after breaking 122084, there is no valid trigger at the moment, and we should wait for the market to create a proper structure for entry. Otherwise, the only trigger we have right now is breaking 126042.
🔽 For a short position, I am waiting for the trend change scenario to unfold before considering any short triggers.
❌ 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 today’s Bitcoin analysis. The market, after experiencing a decline, is now ready to resume its primary bullish trend.
⏳ 1-Hour Timeframe
Yesterday, after Bitcoin confirmed a break below the channel, it retested the channel and activated the trigger at 123493, leading to a brief bearish movement.
📊 The first support zone was 122574, but the price didn't react to it, resulting in a break below. The next key support zone was 120835, where the price reacted and formed a low.
✨ After the price found support at 120835, a peak formed at 122084, creating a compression between 120835 and 122084.
📈 Currently, after breaking above the compression range, a bullish movement has started, and the price has reached back above 123491.
⚡️ The good thing about the correction to 120835 is that many long positions that hadn’t taken profit were now closed, reducing selling pressure in the market. This provides Bitcoin a chance to continue its bullish trend with a more structured approach.
🚀 However, if the price fails to break the previous high of 126042, a lower high would form, which is a sign of weakness in the bullish trend.
🎲 If that happens, and if the price stabilizes below 120835, we’ll get confirmation of a bearish shift in this timeframe. But for now, this hasn’t happened, and the market momentum remains bullish.
🔍 For a new position, if you haven’t opened a position after breaking 122084, there is no valid trigger at the moment, and we should wait for the market to create a proper structure for entry. Otherwise, the only trigger we have right now is breaking 126042.
🔽 For a short position, I am waiting for the trend change scenario to unfold before considering any short triggers.
❌ 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
Bài đăng liên quan
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
Bài đăng liên quan
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.