TradeCityPro | Bitcoin Daily Analysis #234

👋 Welcome to TradeCityPro!
Let’s move on to the Bitcoin analysis. The market is continuing the upward movement it started earlier.

⏳ 1-Hour Timeframe
Yesterday, after breaking the resistance zone, Bitcoin entered a small ranging box, and now the price has managed to stabilize above this box.

🔔 This range allowed the price to rest, and with new momentum entering the market, Bitcoin is now ready to move toward the 93,555 level.

💥 The RSI oscillator has formed a new momentum low around the 50 level.

✔️ This shows increased bullish momentum compared to the previous leg, because in the previous leg, RSI’s support was at 21.

✨ If this new RSI low holds, the market’s momentum will remain bullish, allowing the price to continue its upward movement.

📊 The triggers we previously had 87,942, 89,000, and 91,813 all activated and are currently in profit.
The next trigger for Bitcoin is at 93,555.

⭐ When the price reaches 93,555, there is a high probability that the market will begin ranging again or enter a correction.

⚡️ So if I see signs of exhaustion or reversal at that level, I will manage risk and take profits on my positions.

❌ 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.