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Let’s dive into Bitcoin and key crypto index analysis. As usual, in this analysis, I’ll walk you through the futures session triggers for the New York session.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, as you can see, yesterday the price stabilized above the 95370 zone and continued its movement up to 97139.
✔️ The reason the price couldn’t move higher is that the RSI failed to stay above the 70 level and didn’t enter the Overbuy zone — it got rejected there. As a result, the price also got rejected from the 97139 resistance and is currently in a corrective phase.
🧩 The SMA25 indicator has now caught up to the price, and this could bring upward momentum into the market. If that happens, the price might resume its upward move, and breaking the 97139 high could lead to a continuation toward the 98828 zone.
📊 Volume increased during the bullish candles, but after reaching the 97139 high, volume returned to previous levels, and the price has been ranging.
⚡️ Today, if RSI enters the Overbuy zone, a bullish move is very likely — in that case, I recommend definitely holding a long position.
🔽 As for short positions and bearish sentiment on Bitcoin, as I’ve been saying for a while, we should wait for a proper trend reversal before entering short trades.
📈 If the price doesn’t respond to the SMA25 and keeps ranging, the next parameter that could drive bullish momentum is the SMA99.
👑 BTC.D Analysis
Moving to Bitcoin Dominance — BTC.D is still trending upward. Yesterday, after breaking the 64.72 ceiling, it started a new bullish leg, and so far, there’s no sign of trend weakness.
🎲 I suggest waiting for a new structure to form. For now, it’s still rising, and if this continues, Bitcoin will likely outperform altcoins.
📅 Total2 Analysis
Looking at Total2, this index was rejected from the 1.05 resistance yesterday. The reason is that Bitcoin dominance surged, meaning not much money flowed into altcoins, and Total2 couldn’t break its ceiling.
🔼 If BTC.D reverses and pulls back, a lot of capital could move into altcoins — in that case, we can consider opening long positions on altcoins.
📅 USDT.D Analysis
Now to Tether Dominance — another reason Bitcoin couldn’t extend its bullish leg yesterday was this indicator. Support at 4.99 held, preventing money from entering the market, and causing the correction phase.
💫 Currently, the 4.99 level remains a crucial trigger. If it breaks, the main bullish trend in the market could begin. On the other hand, a break above 5.10 would likely push the market into a deeper correction.
❌ 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 dive into Bitcoin and key crypto index analysis. As usual, in this analysis, I’ll walk you through the futures session triggers for the New York session.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, as you can see, yesterday the price stabilized above the 95370 zone and continued its movement up to 97139.
✔️ The reason the price couldn’t move higher is that the RSI failed to stay above the 70 level and didn’t enter the Overbuy zone — it got rejected there. As a result, the price also got rejected from the 97139 resistance and is currently in a corrective phase.
🧩 The SMA25 indicator has now caught up to the price, and this could bring upward momentum into the market. If that happens, the price might resume its upward move, and breaking the 97139 high could lead to a continuation toward the 98828 zone.
📊 Volume increased during the bullish candles, but after reaching the 97139 high, volume returned to previous levels, and the price has been ranging.
⚡️ Today, if RSI enters the Overbuy zone, a bullish move is very likely — in that case, I recommend definitely holding a long position.
🔽 As for short positions and bearish sentiment on Bitcoin, as I’ve been saying for a while, we should wait for a proper trend reversal before entering short trades.
📈 If the price doesn’t respond to the SMA25 and keeps ranging, the next parameter that could drive bullish momentum is the SMA99.
👑 BTC.D Analysis
Moving to Bitcoin Dominance — BTC.D is still trending upward. Yesterday, after breaking the 64.72 ceiling, it started a new bullish leg, and so far, there’s no sign of trend weakness.
🎲 I suggest waiting for a new structure to form. For now, it’s still rising, and if this continues, Bitcoin will likely outperform altcoins.
📅 Total2 Analysis
Looking at Total2, this index was rejected from the 1.05 resistance yesterday. The reason is that Bitcoin dominance surged, meaning not much money flowed into altcoins, and Total2 couldn’t break its ceiling.
🔼 If BTC.D reverses and pulls back, a lot of capital could move into altcoins — in that case, we can consider opening long positions on altcoins.
📅 USDT.D Analysis
Now to Tether Dominance — another reason Bitcoin couldn’t extend its bullish leg yesterday was this indicator. Support at 4.99 held, preventing money from entering the market, and causing the correction phase.
💫 Currently, the 4.99 level remains a crucial trigger. If it breaks, the main bullish trend in the market could begin. On the other hand, a break above 5.10 would likely push the market into a deeper correction.
❌ 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.