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Let's dive into the analysis of Bitcoin and key crypto indices. As usual, in this analysis, I will review the futures session triggers for the New York market.
⌛️ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, yesterday the price made a pullback and a correction, briefly moving above the SMA 25, but now it has dropped back below this level.
🔍 This correction has reinforced the 82,302 level as a stronger support, making a break below this area even more significant.
💫 If 82,302 breaks, I strongly recommend having a short position, as breaking this level could initiate the next bearish leg.
🔼 For a long position, our current trigger is 83,808, but this is a risky trigger, and I believe it's better to wait for the market to establish a new structure.
👑 BTC.D Analysis
Now, let’s analyze Bitcoin dominance. The dominance remains bullish and is currently stabilizing above 62.30.
✔️ If this level holds, the next resistance will be 62.66, and dominance could initiate another bullish leg toward this zone.
🔽 For a bearish move, we need to wait for the ascending trendline to break and then confirm the downtrend with Dow Theory before considering short positions.
📅 Total2 Analysis
Moving on to Total2, yesterday the price closed below 1.01, and now it has pulled back to retest this level. It seems ready to initiate the next bearish leg.
📉 For a short position, breaking 0.984 remains the key trigger. If this level breaks, you can enter a position.
🔼 For a long position, we need to wait until the strong bearish momentum fades and buyers start entering the market.
📅 USDT.D Analysis
Now, let’s analyze USDT dominance. As you can see, dominance has completed a bullish leg, followed by a slight correction, and now it has regained bullish momentum and is moving upward again.
💥 For further upside, breaking 5.49 is the key trigger to enter a long position.
⚡️ For a bearish move, we need to wait for a new bearish structure to form before considering short 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.
Let's dive into the analysis of Bitcoin and key crypto indices. As usual, in this analysis, I will review the futures session triggers for the New York market.
⌛️ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, yesterday the price made a pullback and a correction, briefly moving above the SMA 25, but now it has dropped back below this level.
🔍 This correction has reinforced the 82,302 level as a stronger support, making a break below this area even more significant.
💫 If 82,302 breaks, I strongly recommend having a short position, as breaking this level could initiate the next bearish leg.
🔼 For a long position, our current trigger is 83,808, but this is a risky trigger, and I believe it's better to wait for the market to establish a new structure.
👑 BTC.D Analysis
Now, let’s analyze Bitcoin dominance. The dominance remains bullish and is currently stabilizing above 62.30.
✔️ If this level holds, the next resistance will be 62.66, and dominance could initiate another bullish leg toward this zone.
🔽 For a bearish move, we need to wait for the ascending trendline to break and then confirm the downtrend with Dow Theory before considering short positions.
📅 Total2 Analysis
Moving on to Total2, yesterday the price closed below 1.01, and now it has pulled back to retest this level. It seems ready to initiate the next bearish leg.
📉 For a short position, breaking 0.984 remains the key trigger. If this level breaks, you can enter a position.
🔼 For a long position, we need to wait until the strong bearish momentum fades and buyers start entering the market.
📅 USDT.D Analysis
Now, let’s analyze USDT dominance. As you can see, dominance has completed a bullish leg, followed by a slight correction, and now it has regained bullish momentum and is moving upward again.
💥 For further upside, breaking 5.49 is the key trigger to enter a long position.
⚡️ For a bearish move, we need to wait for a new bearish structure to form before considering short 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.
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🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.