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Let’s move on to the analysis of Bitcoin and key crypto indices. In this analysis, as usual, I’ll review the futures session triggers for New York.
🔄 Yesterday, one of the long triggers was activated, and the price moved up to the 83899 zone. Let’s see what triggers we can identify from today’s price action.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the price broke through the 83349 level yesterday and moved up to 83899. However, the candles weren’t strong enough to break this zone, and the price reached the resistance range between 83899 and 84572, then got rejected.
✨ An ascending trendline that started from the 74760 low has been accompanying the price, and each time the price has touched this trendline, the following bullish leg has been shorter, indicating a gradual weakening in bullish momentum.
✔️ Currently, the price is near the trendline, and if bearish momentum enters the market and selling volume increases, breaking the trendline trigger can give us a short position.
💫 The current trendline trigger is at 83813, and if it breaks, the price could open positions down to 80595 or even 78778.
💥 As mentioned, there is a resistance zone above the current price, which seems quite strong. The first trigger to break this resistance is 83899, and the second is 84572. The first trigger is riskier and more likely to hit the stop-loss. The second trigger, being higher, might not give a good candle setup, making it harder to enter a position, but it’s more reliable.
📊 If buying volume increases, a bullish move toward 88502 is likely. If selling volume increases, the likelihood of the trendline breaking also rises.
🔑 The RSI oscillator is also oscillating in the upper half. Entering the overbought zone could be a signal for long positions, while a break below 50 would be suitable for shorts.
👑 BTC.D Analysis
Let’s take a look at Bitcoin Dominance. Yesterday, BTC.D had a bullish move up to 63.80 but got rejected from that area and has now returned to the range between 63.30 and 63.50.
⭐ Today, a bearish confirmation for BTC.D comes with a break below 63.30, while a bullish continuation is confirmed with a break above 63.50.
📅 Total2 Analysis
Moving on to Total2: today this index continued its bullish movement and even broke the 957 trigger. If this move continues up to 989, altcoins could experience significant growth—especially considering the weakening momentum in BTC Dominance.
🧲 Today, there is no long trigger for Total2, but if this move turns out to be a fakeout, the 934 zone will be a good trigger for a short position.
📅 USDT.D Analysis
Now for Tether Dominance: its short trigger has been activated. The next support level is at 5.41, and if this zone breaks, we could see a sharp downward move.
⚡️ For a bullish reversal in dominance, the first trigger is the 5.59 area, and if dominance stabilizes above this level, we can consider opening short positions on Bitcoin and altcoins.
❌ 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 move on to the analysis of Bitcoin and key crypto indices. In this analysis, as usual, I’ll review the futures session triggers for New York.
🔄 Yesterday, one of the long triggers was activated, and the price moved up to the 83899 zone. Let’s see what triggers we can identify from today’s price action.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the price broke through the 83349 level yesterday and moved up to 83899. However, the candles weren’t strong enough to break this zone, and the price reached the resistance range between 83899 and 84572, then got rejected.
✨ An ascending trendline that started from the 74760 low has been accompanying the price, and each time the price has touched this trendline, the following bullish leg has been shorter, indicating a gradual weakening in bullish momentum.
✔️ Currently, the price is near the trendline, and if bearish momentum enters the market and selling volume increases, breaking the trendline trigger can give us a short position.
💫 The current trendline trigger is at 83813, and if it breaks, the price could open positions down to 80595 or even 78778.
💥 As mentioned, there is a resistance zone above the current price, which seems quite strong. The first trigger to break this resistance is 83899, and the second is 84572. The first trigger is riskier and more likely to hit the stop-loss. The second trigger, being higher, might not give a good candle setup, making it harder to enter a position, but it’s more reliable.
📊 If buying volume increases, a bullish move toward 88502 is likely. If selling volume increases, the likelihood of the trendline breaking also rises.
🔑 The RSI oscillator is also oscillating in the upper half. Entering the overbought zone could be a signal for long positions, while a break below 50 would be suitable for shorts.
👑 BTC.D Analysis
Let’s take a look at Bitcoin Dominance. Yesterday, BTC.D had a bullish move up to 63.80 but got rejected from that area and has now returned to the range between 63.30 and 63.50.
⭐ Today, a bearish confirmation for BTC.D comes with a break below 63.30, while a bullish continuation is confirmed with a break above 63.50.
📅 Total2 Analysis
Moving on to Total2: today this index continued its bullish movement and even broke the 957 trigger. If this move continues up to 989, altcoins could experience significant growth—especially considering the weakening momentum in BTC Dominance.
🧲 Today, there is no long trigger for Total2, but if this move turns out to be a fakeout, the 934 zone will be a good trigger for a short position.
📅 USDT.D Analysis
Now for Tether Dominance: its short trigger has been activated. The next support level is at 5.41, and if this zone breaks, we could see a sharp downward move.
⚡️ For a bullish reversal in dominance, the first trigger is the 5.59 area, and if dominance stabilizes above this level, we can consider opening short positions on Bitcoin and altcoins.
❌ 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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🤵 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.
💥 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.