Bitcoin H1: The Ichimoku Forecast for the American Session on 7.2.2025

08.02.2025 15:01
Técnico
Analyzing previous trading sessions, it is worth paying attention to the intersection of the Tenkan and Kijun lines, marked with a pink square. The fast Tenkan line fell below the Kijun line, which usually signals a change in trend to a downward one. However, later the price rose above the Tenkan line, which indicates the weakness of the downward impulse.
The second important signal is a change in the color of the Kumo cloud, which is marked with a vertical purple line on the graph. The appearance of a lilac color in the cloud indicates a change in the priority direction of movement to downward.
The current situation
Let's carefully look at the current values of the main components of the Ichimoku indicator to assess the current state of the market:
The Tenkan line remains below the Kijun line. However, the price has broken above both lines and moved higher.
Now the Kumo cloud is tinted lilac, which indicates a possible change in price dynamics in a negative direction.
Trading takes place inside the cloud, which is a sign of a market instability. Cloud boundaries act as support and resistance levels for price.
Used by investors to identify a change in trend, the green Chikou line is held below the price on the chart.
Trading recommendations:

Dynamic support levels are on the Tenkan line, around the 97260.45, the SenkouA line, at the 97817.95, and the SenkouB line, around the 98421.75.
Dynamic resistance levels are on the Kijun line, near the 97362.90, and the SenkouB line, near the 98421.75.
The main Ichimoku system indicators prioritize searching for entry points into short positions, on a price rollback to the resistance levels.