TradeCityPro | Bitcoin Daily Analysis #348Bitcoin / TetherUSBINANCE:BTCUSDTtradecityprođ Welcome to TradeCity Pro! Letâs analyze Bitcoin. Today, the market is sitting on an important support level. âł 4 Hour Time Frame Bitcoin has managed to consolidate below the 63491 support level and has now reached 62507. ⨠At the moment, we donât have much momentum in the market. Thatâs why price has only made a wick toward 62507 so far and hasnât properly tested this level yet. đŻ On the other hand, since today is Saturday, market volume has dropped significantly. This could also be another reason why price hasnât properly tested the 62507 level yet. â However, considering that 62507 is an important support zone, we can open a short position if this level is broken. â If you opened a position after the break of 63491, you can take profit on the position. However, if you opened this position as an early trigger, I would suggest keeping the position open, because if Bitcoin loses its supports, you could get a high risk to reward ratio. âď¸ For a new position, as I mentioned, 62507 is a suitable trigger. However, this trigger means entering while price is moving into a support zone, so it is considered very risky. Make sure you manage your risk properly. â Disclaimer â 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.