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Let’s move on to the analysis of Bitcoin and key crypto indices. As usual, in this analysis I want to review the futures session triggers for New York.
🔍 Yesterday, one of our short position triggers was activated. Let’s get into the analysis to see how we can open a position today.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the trigger we gave yesterday at the 84382 level was activated and the price moved down toward the 82813 area. Today, I’ve adjusted the position of these lines since the price has created a better structure and the placement of the levels can change accordingly.
✔️ Currently, the price has formed a box between 83233 and 85482 and continues its ranging structure.
📈 For a long position, we can act if 85482 breaks. If this level breaks, since the trendline has also been broken, this time the price can move upward with more momentum, and the first target of this position would be 85482.
📊 Market volume is currently ranging, and we can’t extract specific data from this tool. But if volume increases along with an upward price movement, it would be a very good signal for the continuation of the bullish trend.
🔽 If that doesn’t happen and the price moves downward, the 83233 trigger is a very good one, and a break of this area gives us confirmation of a trend reversal, and the price can move further down.
👑 BTC.D Analysis
Let’s look at Bitcoin dominance. Dominance is still ranging and hasn’t moved much compared to yesterday.
⭐ A break of 63.61 would be suitable for a bullish move, and a break of 63.23 would be suitable for a bearish move.
📅 Total2 Analysis
Let’s move on to the Total2 analysis. This index is acting very similarly to Bitcoin and is currently near its long trigger.
🔼 For a long position, a break of 980 is suitable, and for a short position, a break of 947 is appropriate.
📅 USDT.D Analysis
Let’s check out Tether dominance. We’re still waiting for a break of 5.39, which is a very important level, and if it breaks, the price could have a long-term bearish move.
💫 For a bullish move in dominance, breaks of the 5.53 and 5.59 levels are also suitable.
❌ 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. As usual, in this analysis I want to review the futures session triggers for New York.
🔍 Yesterday, one of our short position triggers was activated. Let’s get into the analysis to see how we can open a position today.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the trigger we gave yesterday at the 84382 level was activated and the price moved down toward the 82813 area. Today, I’ve adjusted the position of these lines since the price has created a better structure and the placement of the levels can change accordingly.
✔️ Currently, the price has formed a box between 83233 and 85482 and continues its ranging structure.
📈 For a long position, we can act if 85482 breaks. If this level breaks, since the trendline has also been broken, this time the price can move upward with more momentum, and the first target of this position would be 85482.
📊 Market volume is currently ranging, and we can’t extract specific data from this tool. But if volume increases along with an upward price movement, it would be a very good signal for the continuation of the bullish trend.
🔽 If that doesn’t happen and the price moves downward, the 83233 trigger is a very good one, and a break of this area gives us confirmation of a trend reversal, and the price can move further down.
👑 BTC.D Analysis
Let’s look at Bitcoin dominance. Dominance is still ranging and hasn’t moved much compared to yesterday.
⭐ A break of 63.61 would be suitable for a bullish move, and a break of 63.23 would be suitable for a bearish move.
📅 Total2 Analysis
Let’s move on to the Total2 analysis. This index is acting very similarly to Bitcoin and is currently near its long trigger.
🔼 For a long position, a break of 980 is suitable, and for a short position, a break of 947 is appropriate.
📅 USDT.D Analysis
Let’s check out Tether dominance. We’re still waiting for a break of 5.39, which is a very important level, and if it breaks, the price could have a long-term bearish move.
💫 For a bullish move in dominance, breaks of the 5.53 and 5.59 levels are also suitable.
❌ 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.