TradeCityPro | Bitcoin Daily Analysis #362

Wait 5 sec.

TradeCityPro | Bitcoin Daily Analysis #362Bitcoin / TetherUSBINANCE:BTCUSDTtradecitypro👋 Welcome to TradeCityPro! Let’s analyze Bitcoin. The market has been rejected from its resistance zone. ⌛️ 1-hour timeframe Yesterday, after the unemployment rate news was released, Bitcoin started to drop, and the price corrected to 79,411. 🔔 Now, after the fake-out at 79,411, we can say that bullish momentum has entered the market again, and Bitcoin is moving toward its resistance once again. ✔️ If the zone is broken and the price consolidates above it, we can get confirmation that Bitcoin is turning bullish and open a long position. ⚖️ For early positions, we can also open a position along Bitcoin’s upward move using a setup candle. 💥 On the other hand, if the price consolidates below 79,411, deeper corrections toward 77,019 could take place. ❌ 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.