Let’s analyze Bitcoin. The market began its downward movement.
⏳ Time frame is 1 hour
Yesterday, Bitcoin managed to close below the 64,950 level, resulting in a small bearish move.
✔️ The price now stands at 63,870. If this level is broken, the downward movement may continue, with the price potentially falling towards lower levels such as 62,786.
✨ If this happens, we can open a sell position on the breakout of 63,870. However, a significant increase in selling volume is a very important confirmation that we need before entering this trade.
⭐ On the other hand, if the price fails to close below 63,870 or pretends to break down, the upward movement may continue on the 4-hour time frame, and Bitcoin may move back towards 66,852.
❌ Disclaimer ❌
Trading futures is very risky and risky. If you are not an expert, these triggers may not be for you. You must first learn risk and capital management. You can also use 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 research before opening any position.
