TradeCityPro | Bitcoin Daily Analysis #345
👋 Welcome to TradeCityPro!
Let’s analyze Bitcoin. Today is Saturday, and market volume is decreasing.
⏳ 4 Hour Time Frame
After finding support at 62507, Bitcoin has not been able to start a strong bullish trend, and this upward move has been accompanied by significant trend weakness.
🧮 We can see this weakness in the small and weak bullish candles, the decrease in buying volume, and the divergence on RSI.
🎯 However, as you can see, despite this trend weakness, price has continued moving upward, and if 65042 is broken, this upward move could continue even further.
⚖️ So, a break above 65042 gives us a risky long trigger. We will open the main position after 66678 is broken.
📈 On the other hand, considering the significant trend weakness we have, price could move back toward 62507 and 61633. In this case, a break below 64267 would give us a very good trigger for a short position.
❌ 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.