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Let's dive into the analysis of Bitcoin and other key crypto indices. As usual, I want to discuss the futures triggers for the New York session.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, Bitcoin finally moved, activating our trigger, and it reached its target. Now, let's analyze today's triggers.
🔄 Yesterday, the breakout of the 84734 range box was activated, and the price made an upward move.
✔️ Currently, the price has reached 86876 and has been rejected from this area but is still above it. If it can stabilize above this area, the next price leg could start.
💥 The RSI oscillator has significant resistance at 78.58, and breaking this area could introduce a lot of momentum into the market, potentially starting a robust upward leg.
⚡️ Additionally, this oscillator has important support at 70, and if it can maintain above this area, the likelihood of breaking 86876 increases.
🔽 For short positions, we need to wait for the price momentum to turn bearish before entering in line with the trend direction.
🧩 If the price does not stabilize above 86876 and moves downward, with confirmation from Dow Theory or the activation of a fake breakout trigger, you can enter a short position.
👑 BTC.D Analysis
Let's move on to the analysis of Bitcoin dominance. Yesterday, dominance was supported at 61.35 and moved up to 61.80, which helped Bitcoin rise more than altcoins.
🧲 Currently, dominance has been rejected from 61.80 and is moving downwards. I believe a range has formed between 61.35 and 61.80, and breaking this box in either direction could determine the next leg of dominance.
📅 Total2 Analysis
Moving on to Total2, yesterday the price broke the 1.05 area and moved upwards, even surpassing 1.07. Currently, I have moved the 1.05 area to 1.06 because it is more accurate, and the price has moved away from it.
⭐ The next resistance for the price is at 1.09, and it seems that Total2 could move up to this area.
📅 USDT.D Analysis
Finally, let's look at the Tether dominance analysis. Yesterday, the 5.25 trigger in dominance was activated, and we observed a clean pullback in dominance that brought it down to 5.13.
✨ The next support for dominance is at 5.08, and we need to see if it can stabilize below this area or not.
❌ 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 other key crypto indices. As usual, I want to discuss the futures triggers for the New York session.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, Bitcoin finally moved, activating our trigger, and it reached its target. Now, let's analyze today's triggers.
🔄 Yesterday, the breakout of the 84734 range box was activated, and the price made an upward move.
✔️ Currently, the price has reached 86876 and has been rejected from this area but is still above it. If it can stabilize above this area, the next price leg could start.
💥 The RSI oscillator has significant resistance at 78.58, and breaking this area could introduce a lot of momentum into the market, potentially starting a robust upward leg.
⚡️ Additionally, this oscillator has important support at 70, and if it can maintain above this area, the likelihood of breaking 86876 increases.
🔽 For short positions, we need to wait for the price momentum to turn bearish before entering in line with the trend direction.
🧩 If the price does not stabilize above 86876 and moves downward, with confirmation from Dow Theory or the activation of a fake breakout trigger, you can enter a short position.
👑 BTC.D Analysis
Let's move on to the analysis of Bitcoin dominance. Yesterday, dominance was supported at 61.35 and moved up to 61.80, which helped Bitcoin rise more than altcoins.
🧲 Currently, dominance has been rejected from 61.80 and is moving downwards. I believe a range has formed between 61.35 and 61.80, and breaking this box in either direction could determine the next leg of dominance.
📅 Total2 Analysis
Moving on to Total2, yesterday the price broke the 1.05 area and moved upwards, even surpassing 1.07. Currently, I have moved the 1.05 area to 1.06 because it is more accurate, and the price has moved away from it.
⭐ The next resistance for the price is at 1.09, and it seems that Total2 could move up to this area.
📅 USDT.D Analysis
Finally, let's look at the Tether dominance analysis. Yesterday, the 5.25 trigger in dominance was activated, and we observed a clean pullback in dominance that brought it down to 5.13.
✨ The next support for dominance is at 5.08, and we need to see if it can stabilize below this area or not.
❌ 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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💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 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!
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 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.