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Let's delve into the analysis of Bitcoin and important crypto indices. Today, as usual, I aim to review the New York session futures triggers for you.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the price has pulled back to below the 84734 area again today.
🔽 The short trigger we have for today is the break of 83808. With the break of this area, the price could move downwards.
✅ The important supports are at 82459 and 80105, which we can use as targets.
📈 For a long position, entering at a break of 84734 could be beneficial, with a target at 86876.
👑 BTC.D Analysis
Moving on to the Bitcoin dominance analysis, a support was established yesterday at 61.43, creating a price box between 61.43 and 61.63.
💫 To confirm an upward trend in dominance, watch for a break of 61.63, and for a downward trend, a break of 61.43 will serve as a confirmation.
📅 Total2 Analysis
Let’s talk about Total2; this index has broken its support at 1.04, and if Bitcoin also loses its support, it could move down to 1.01 again.
🎲 If you don't have positions open, you might consider looking for altcoins that have not yet lost their support, or wait for Bitcoin.
🔼 For long positions, the trigger for Total2 remains at 1.07.
📅 USDT.D Analysis
Lastly, analyzing Tether dominance, it has come back above 5.26, pulled back to this area, and is poised to potentially initiate an upward leg to 5.46.
✔️ The upward dominance trigger for Tether is a break of 5.31. With the break of this area, we can expect dominance to potentially rise again to 5.46.
📉 For downward dominance, a break of 5.26 is a suitable trigger.
❌ 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 delve into the analysis of Bitcoin and important crypto indices. Today, as usual, I aim to review the New York session futures triggers for you.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the price has pulled back to below the 84734 area again today.
🔽 The short trigger we have for today is the break of 83808. With the break of this area, the price could move downwards.
✅ The important supports are at 82459 and 80105, which we can use as targets.
📈 For a long position, entering at a break of 84734 could be beneficial, with a target at 86876.
👑 BTC.D Analysis
Moving on to the Bitcoin dominance analysis, a support was established yesterday at 61.43, creating a price box between 61.43 and 61.63.
💫 To confirm an upward trend in dominance, watch for a break of 61.63, and for a downward trend, a break of 61.43 will serve as a confirmation.
📅 Total2 Analysis
Let’s talk about Total2; this index has broken its support at 1.04, and if Bitcoin also loses its support, it could move down to 1.01 again.
🎲 If you don't have positions open, you might consider looking for altcoins that have not yet lost their support, or wait for Bitcoin.
🔼 For long positions, the trigger for Total2 remains at 1.07.
📅 USDT.D Analysis
Lastly, analyzing Tether dominance, it has come back above 5.26, pulled back to this area, and is poised to potentially initiate an upward leg to 5.46.
✔️ The upward dominance trigger for Tether is a break of 5.31. With the break of this area, we can expect dominance to potentially rise again to 5.46.
📉 For downward dominance, a break of 5.26 is a suitable trigger.
❌ 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.