TradeCityPro | Bitcoin Daily Analysis #323

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TradeCityPro | Bitcoin Daily Analysis #323Bitcoin / TetherUSBINANCE:BTCUSDTtradecitypro👋 Welcome to TradeCityPro! Let's take a look at the Bitcoin analysis. The price has successfully confirmed above an important resistance level. ⌛️ 4-Hour Time Frame As we discussed in our previous analyses, the fakeout below 59,270 brought bullish momentum into the market, giving Bitcoin the potential to start an upward move. ✨ That's exactly what happened. After the fakeout below this support, the bullish move began, and the price has now confirmed above 62,287. ✔️ However, there is one major negative sign in this rally: the trend is showing significant weakness, and there are very few signs of strong buyer control. 📊 On the contrary, buying volume remains low, the bullish candles are relatively small, and there is little bullish momentum in the market. It seems that this move is being driven more by the absence of sellers than by the strength of buyers. 💡 If this weakness continues, sooner or later the current bullish correction is likely to come to an end, allowing the broader bearish trend to resume. ⚖️ In that case, we can look for short opportunities during the next bearish wave using candlestick setups or on a break below 59,270. 💥 On the other hand, if this weakness disappears and buying volume starts to increase, a breakout above 64,747 would provide a valid trigger for opening a long 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.