TradeCityPro | Bitcoin Daily Analysis #274

👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis. Today, the market has picked up some bullish momentum.

⌛️ 4-Hour Timeframe
Yesterday, Bitcoin reached the 62,824 support level and hit this area with strong volume, but it failed to stabilize below it.

🔍 After price touched this level, buyers stepped in aggressively with high volume, and now price is holding above 66,117.

✔️ Given the strength of buyers, price can move toward the top of the range at 68,949. If this level breaks, the next major resistance for Bitcoin will be 71,452.

💥 However, for opening a position, it’s better to wait until price forms a higher low and a higher high above 62,824, and then look for a proper long trigger.

📊 For short positions, 62,824 is still a very solid trigger. A clean break below this level would give us a short setup.

❌ 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.