Bitcoin / TetherUS
Long

TradeCityPro | Bitcoin Daily Analysis #70

1 037
👋 Welcome to TradeCity Pro!
Let’s dive into Bitcoin and major crypto index analysis. As usual, in this analysis I’ll review the futures triggers for the New York session.

TradeCityPro | Bitcoin Daily Analysis #69


🔄 Yesterday’s Analysis
Yesterday, the price broke through the 88502 level, which was our main trigger for a bullish move. The price then made a very sharp upward move and even broke the next resistance at 92000, now heading toward 95307.

✔️ I also mentioned the RSI, saying if it enters the Overbought zone again, we could see a sharp leg toward 92000—and that’s exactly what happened, with strong upward movement.

🧲 I hope you opened a position, because all the triggers of my strategy were activated yesterday: the fake break of 84363, the breakouts of 85126, 85550, and 88502. These were the key trend-starting triggers, and I made sure to be in a position as those sharp candles formed to profit from the move.

🎲 So today it’s a bit harder to open new positions, which is natural, because 4 main triggers have already been activated. But I’ll try to share any new ones if they appear.

⏳ 1-Hour Timeframe
As you can see, we witnessed a very sharp move, with price consistently in Overbought, and now just exiting that zone.

⚡️ The triggers I can give today aren’t really based on support/resistance breaks. If you’re going to open a position, you should enter with minimum risk and based on momentum. That is, if you see bullish momentum coming in, go long.

☘️ You can use the SMA indicator or RSI oscillator for this. The price has pulled back multiple times to SMA7, and moved again with confirmation candles. You can also use this strategy with pullbacks to SMA25 or SMA99.

💥 The RSI is also a momentum oscillator, and if it re-enters Overbought, we could see more upside just like yesterday.

📊 In both strategies, make sure buying volume is increasing, and there is no volume divergence. Again, note that the main triggers have already been activated, and I believe the market needs to create a new structure before new entries. So today’s trigger is quite risky, and I personally won’t open a new position because I’m already in from lower levels.

🚀 If you, like me, have one or more open positions from lower levels, I recommend taking partial profit. If you have one position, take 40–50% off. If you have more than one, maybe close one entirely but keep at least one open.

snapshot

👑 BTC.D Analysis
Let’s check Bitcoin dominance. Yesterday, with Bitcoin’s strong price action, dominance dropped slightly and was rejected at the 64.60 ceiling. That’s why some altcoins—especially in the DeFi category—saw strong rallies, and you could’ve opened positions on them.

💫 The next support is around 64.12, and I think BTC.D could drop to that level. A bullish trigger for dominance remains a break above 64.60.

snapshot

📅 Total2 Analysis
In previous updates, I emphasized the 980 resistance level. I told you to try and have a long position ready if this level broke. As you can see, that’s exactly when the sharp move began. Now, even 1.02 has been broken, and Total2 is moving toward 1.04.

🔼 For long entries, confirmation from Bitcoin’s chart is more reliable since this index is highly correlated with BTC and is better for identifying targets or entries.

snapshot

📅 USDT.D Analysis
As mentioned before, if 5.39 breaks in USDT.D, you should have a position ready. That level broke cleanly, gave entry triggers on the breakout, pullback, and break of pullback’s low, and then dropped sharply to 4.99.

🧩 Right now, USDT.D has reacted to 4.99 support, and I think the psychological 5% level has a strong impact here. I still believe the market is heavily dependent on Tether dominance, and if this support breaks, we could see another bullish leg in the market.

❌ 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.

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.