TradeCityPro | Bitcoin Daily Analysis #6
👋 Welcome to TradeCityPro!
Today, we're diving into Bitcoin's analysis, focusing on appropriate futures triggers for the New York session.
⏳ Hourly Time Frame
1-Hour Timeframe As mentioned in previous analyses, Bitcoin remains in a crucial range box. Yesterday, we saw a fake breakout of the expanding triangle's upper edge, but the trigger at 98,482 was not activated, and the price did not stabilize above this area but was rejected.
🔍 Currently, our long position triggers remain the same at 99,946 and 101,819. However, a new short trigger has been added. The first short trigger is at 97,110, which is considered very risky and should not hold high expectations.
🔽 If you initiate a short position upon breaking this area, your target could be 95,108. As previously discussed, the main short trigger remains at 95,108. If you open a position at this level, the target could be the bottom of the expanding triangle or the area around 92,702.
📊 The market volume continues to decrease, indicating that a sharper and more significant price movement is imminent.
👑 BTC.D Analysis
BTC.D Analysis Bitcoin dominance has broken the curve trendline, but currently, there is no significant upward momentum observed. If the price breaks and stabilizes above 60.71, we can take this as the first sign of a bullish trend. The main trigger remains at 61.10.
🧩 For a continued fall, an excellent trigger is at 60.48. If this trigger is broken, we can hope for dominance to reach 59.84.
📅 Total2 Analysis
Total2 Analysis As discussed yesterday, if the price pulls back to 1.24, we can open a long position. This scenario occurred, and many altcoins moved upward. However, as mentioned, the target for this position was relatively small because it was opened as a scalp position. The main long trigger remains at 1.28.
🔽 For those who are risk-takers, you can enter a short position if the price breaks 1.24. But be cautious, this trigger is very risky. Other risky triggers are at 1.2 and 1.19.
⚡️ The main short position remains at 1.16. Keep in mind, Bitcoin's dominance shows more signs of falling, so if you are considering opening a short position, Bitcoin might perform better than altcoins.
📅 USDT.D Analysis
USDT.D Analysis Let's look at the Tether dominance. We have an adjustment in the dominance support, which was previously at 4.44 but has been moved to 4.40 due to a strong price reaction yesterday. Currently, the main support for Tether dominance is at 4.40, and breaking this area could validate a long position.
💫 There is a very risky short trigger at 4.47, similar to the 1.24 trigger in Total2. If these two align, you might accept the risk and enter a short position with the minimum risk defined in your strategy. The target for this position is 4.62, while the target for a long position remains 4.24, which is also the main trigger for a trend change.
❌ 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.
Today, we're diving into Bitcoin's analysis, focusing on appropriate futures triggers for the New York session.
⏳ Hourly Time Frame
1-Hour Timeframe As mentioned in previous analyses, Bitcoin remains in a crucial range box. Yesterday, we saw a fake breakout of the expanding triangle's upper edge, but the trigger at 98,482 was not activated, and the price did not stabilize above this area but was rejected.
🔍 Currently, our long position triggers remain the same at 99,946 and 101,819. However, a new short trigger has been added. The first short trigger is at 97,110, which is considered very risky and should not hold high expectations.
🔽 If you initiate a short position upon breaking this area, your target could be 95,108. As previously discussed, the main short trigger remains at 95,108. If you open a position at this level, the target could be the bottom of the expanding triangle or the area around 92,702.
📊 The market volume continues to decrease, indicating that a sharper and more significant price movement is imminent.
👑 BTC.D Analysis
BTC.D Analysis Bitcoin dominance has broken the curve trendline, but currently, there is no significant upward momentum observed. If the price breaks and stabilizes above 60.71, we can take this as the first sign of a bullish trend. The main trigger remains at 61.10.
🧩 For a continued fall, an excellent trigger is at 60.48. If this trigger is broken, we can hope for dominance to reach 59.84.
📅 Total2 Analysis
Total2 Analysis As discussed yesterday, if the price pulls back to 1.24, we can open a long position. This scenario occurred, and many altcoins moved upward. However, as mentioned, the target for this position was relatively small because it was opened as a scalp position. The main long trigger remains at 1.28.
🔽 For those who are risk-takers, you can enter a short position if the price breaks 1.24. But be cautious, this trigger is very risky. Other risky triggers are at 1.2 and 1.19.
⚡️ The main short position remains at 1.16. Keep in mind, Bitcoin's dominance shows more signs of falling, so if you are considering opening a short position, Bitcoin might perform better than altcoins.
📅 USDT.D Analysis
USDT.D Analysis Let's look at the Tether dominance. We have an adjustment in the dominance support, which was previously at 4.44 but has been moved to 4.40 due to a strong price reaction yesterday. Currently, the main support for Tether dominance is at 4.40, and breaking this area could validate a long position.
💫 There is a very risky short trigger at 4.47, similar to the 1.24 trigger in Total2. If these two align, you might accept the risk and enter a short position with the minimum risk defined in your strategy. The target for this position is 4.62, while the target for a long position remains 4.24, which is also the main trigger for a trend change.
❌ 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
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
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
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.