VLet’s analyze Bitcoin. The market is waiting for a major move.
⌛️ 1-hour timeframe
Yesterday, Bitcoin found support at the 75,440 zone and failed to consolidate below it.
✔️ Currently, the price is trying to consolidate above 76,630, but this hasn’t happened yet, and Bitcoin is continuing its attempt.
⚖️ If the price gets rejected from 76,630, a bearish move could take place, and the price could try to break 75,440 again.
⛏ If this happens, we can open a short position, and a bearish trend with strong momentum could form.
🔔 As for long positions, since Bitcoin dominance is bullish, it’s better to focus on altcoins for now.
❌ 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.
