TradeCityPro | Bitcoin Daily Analysis #340 for BINANCE:BTCUSDT by tradecitypro
👋 Welcome to TradeCityPro! Let's analyze Bitcoin. The market has started its bearish move. ⏳ 1H Timeframe Yesterday, Bitcoin managed to close below 64,950, triggering a small bearish move. ✔️ Price is now sitting at 63,870. If this level is broken, the bearish move could continue, with price potentially dropping toward lower levels such as 62,786. ✨ If that happens, we can open a short position on a breakout below 63,870. However, a significant increase in selling volume is a very important …
👋 Welcome to TradeCityPro!Let's analyze Bitcoin. The market has started its bearish move. ⏳ 1H TimeframeYesterday, Bitcoin managed to close below 64,950, triggering a small bearish move. ✔️ Price is now sitting at 63,870. If this level is broken, the bearish move could continue, with price potentially dropping toward lower levels such as 62,786. ✨ If that happens, we can open a short position on a breakout below 63,870. However, a significant increase in selling volume is a very important confirmation that we need before entering this trade. ⭐ On the other hand, if price fails to close below 63,870 or fakes the breakdown, the bullish move on the 4-hour timeframe could continue, and Bitcoin may once again move toward 66,852. ❌ 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. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.