TradeCityPro | Bitcoin Daily Analysis #177Bitcoin / TetherUSBINANCE:BTCUSDTtradecitypro👋 Welcome to TradeCity Pro! Let's dive into Bitcoin analysis, today’s analysis will be on the 1-hour timeframe since Bitcoin is in a corrective phase, and we’ll look at what triggers we can have for trading today. ⏳ 1-Hour Timeframe After reaching the 116,619 level, the market entered a ranging phase and spent Saturday and Sunday consolidating below this level. 📊 Earlier today, before the London session, Bitcoin was rejected from 116,619, starting a bearish move with strong momentum and high volume, pushing price down to the 0.382 Fibonacci level for a correction. ⭐ If price finds support here, we can say the uptrend is still strong since it bounced from the first available support zone and started moving upward. In this case, a breakout above 116,619 would be a good long position entry. 🔍 But if the correction continues, the next support levels to watch are 0.5, 0.618, and 0.786 Fibonacci retracement levels. ✔️ The area between the 0.5 and 0.618 Fibonacci retracements forms a critical PRZ, and if price moves lower, this is one of the areas with a high probability of seeing a reaction. ❌ 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.