TradeCityPro | Bitcoin Daily Analysis #189

👋 Welcome to TradeCity Pro!
Let’s move on to the Bitcoin analysis. Yesterday, after setting a new ATH, Bitcoin began its correction — let’s review the market together.

⏳ 1-Hour Timeframe
On the 1-hour timeframe, Bitcoin had been moving inside an ascending channel that had provided multiple supports. However, after being rejected from 126042, the price experienced a downward move and broke the channel to the downside.

⭐ The channel breakout trigger is at 123493, where the price has already reacted once, and it’s now moving slightly upward with very low volume.

📊 If this low-volume bullish movement continues, the likelihood of trigger activation will increase, and in that case, the price could move toward 122574.

🔍 For now, none of these triggers are suitable for short positions, as the market still looks too bullish to consider shorting.

✨ For long positions, the current trigger is 126042. However, if the market consolidates longer and forms a new structure, we might find an opportunity to enter earlier.

❌ 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.