TradeCityPro | Bitcoin Daily Analysis #179👋 Welcome to TradeCity Pro!
Let’s move on to Bitcoin analysis. After a few days, it’s time to resume our updates.
⌛️ 4-Hour Timeframe
After breaking the 116,960 zone, Bitcoin failed to hold above it and the upward move turned out to be a fake breakout.
⚡️ Following that, a corrective move began. After consolidating below 114,819, the price continued its correction down to 111,524.
✔️ So far, the reaction to this level has been positive, with several green candles forming off this support.
🔑 However, the key point is that volume hasn’t increased, which is not a good sign for buyers.
🔍 If 111,524 breaks, the downtrend could extend toward the main support floor below.
💥 On the other hand, if price manages to create higher highs and higher lows above 111,524 and volume starts to pick up, a confirmed close above 114,819 could offer a long entry setup.
📈 A breakout of 116,960 will remain the primary long trigger. A clean break above that level will confirm the start of a new bullish leg.
❌ 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.
