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Let's dive into the analysis of Bitcoin and key crypto indices. As usual, in this analysis, I will review the futures session triggers for the New York market.
⌛️ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, yesterday the 86,401 trigger was activated, and the price moved downward. Since the price was making lower highs, I anticipated this move yesterday, and now the price is near 83,808, approaching this support level.
✔️ At this point, I believe the price has declined sufficiently, and it may start forming a base around 83,808. However, for a short position, this same 83,808 level is key, and we can enter a position if it breaks below this area.
🔼 For a long position, we need to wait until at least the SMA 25 reaches the price and the price stabilizes above this zone. Once the trend turns bullish, we can consider opening a long position.
👑 BTC.D Analysis
Moving on to Bitcoin dominance, as the market declined and Bitcoin broke support, dominance increased. This helped Bitcoin hold up better than other coins, which experienced heavier losses.
📊 Currently, dominance has reached 62.14 and faced a strong rejection from this level. If a corrective phase begins, the key support area for price is 61.81, and the price could retrace to this level.
✨ For a bullish move in dominance, a break above 62.14 is required, with the next resistance at 62.30.
📅 Total2 Analysis
Now let’s analyze Total2. As I mentioned, altcoins have experienced a much sharper decline than Bitcoin, and after breaking 1.06, Total2 started a strong downtrend, even breaking through 1.04.
🎲 Currently, the price is fluctuating between 1.01 and 1.04, and it seems that the trend is showing signs of weakness, indicating that this bearish leg may be ending. If a correction begins, the price could move up to 1.04. However, for the next short position, the trigger level to watch is 1.01.
📅 USDT.D Analysis
Now let’s analyze USDT dominance. This index broke through the key 5.19 level and has risen to 5.34.
🌩 If a candle closes above this level, the next major resistance is at 5.45. In case of a pullback, the key support to watch is 5.25.
❌ 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 the analysis of Bitcoin and key crypto indices. As usual, in this analysis, I will review the futures session triggers for the New York market.
⌛️ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, yesterday the 86,401 trigger was activated, and the price moved downward. Since the price was making lower highs, I anticipated this move yesterday, and now the price is near 83,808, approaching this support level.
✔️ At this point, I believe the price has declined sufficiently, and it may start forming a base around 83,808. However, for a short position, this same 83,808 level is key, and we can enter a position if it breaks below this area.
🔼 For a long position, we need to wait until at least the SMA 25 reaches the price and the price stabilizes above this zone. Once the trend turns bullish, we can consider opening a long position.
👑 BTC.D Analysis
Moving on to Bitcoin dominance, as the market declined and Bitcoin broke support, dominance increased. This helped Bitcoin hold up better than other coins, which experienced heavier losses.
📊 Currently, dominance has reached 62.14 and faced a strong rejection from this level. If a corrective phase begins, the key support area for price is 61.81, and the price could retrace to this level.
✨ For a bullish move in dominance, a break above 62.14 is required, with the next resistance at 62.30.
📅 Total2 Analysis
Now let’s analyze Total2. As I mentioned, altcoins have experienced a much sharper decline than Bitcoin, and after breaking 1.06, Total2 started a strong downtrend, even breaking through 1.04.
🎲 Currently, the price is fluctuating between 1.01 and 1.04, and it seems that the trend is showing signs of weakness, indicating that this bearish leg may be ending. If a correction begins, the price could move up to 1.04. However, for the next short position, the trigger level to watch is 1.01.
📅 USDT.D Analysis
Now let’s analyze USDT dominance. This index broke through the key 5.19 level and has risen to 5.34.
🌩 If a candle closes above this level, the next major resistance is at 5.45. In case of a pullback, the key support to watch is 5.25.
❌ 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.