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Let’s dive into the Bitcoin analysis and key crypto market indicators. As usual, I’ll review the triggers for the New York futures session.
⏳ 1-Hour Timeframe
Yesterday, price made a bullish move and broke the 97139 zone, but later it turned out to be a fake breakout, and now it’s moving downward.
🔍 It’s likely that this downward move is just a pullback toward the SMA99 zone, and price may bounce back up afterward. If SMA99 breaks, deeper corrections down to 95370 are possible.
✔️ In my view, as long as price stays above the 95370 zone, Bitcoin remains in an uptrend. Only once price drops below this level can we start identifying potential bearish triggers.
📈 For now, we need to wait for more structure to develop before entering any positions. The 97139 level still remains a strong bullish trigger, but it’s best to wait for a reaction to it first so we can pinpoint the exact line, and then enter upon its breakout.
⚡️ Nothing more to add about Bitcoin for now — it’s Saturday, a weekend, and the chances of ranging price action are high.
👑 BTC.D Analysis
Looking at BTC dominance, yesterday it made a slight corrective move and pulled back to 64.77, where it seems to have found support.
📊 The next bullish trigger is the breakout of 64.91. Overall, the trend is still bullish, so if you're considering multi-day or swing positions, Bitcoin remains a better choice than altcoins.
📅 Total2 Analysis
Turning to the Total2 chart, this index was rejected from the 1.05 resistance once again yesterday and failed to hold above it. Until that changes, altcoins likely won’t see any significant upward momentum.
🔑 For downside movement in Total2, the trigger remains a break below 1.03.
📅 USDT.D Analysis
Now to Tether dominance — yesterday, this index finally closed a candle below the 4.99 level, but it was a fakeout, and it moved back above, once again preventing the broader market from turning bullish. This fakeout could inject bearish momentum into the market, potentially leading to deeper corrections.
⭐ For now, the 4.99 level still serves as a strong trigger for a bearish USDT dominance and thus a bullish signal for the market. A break above 5.10, however, would be a solid trigger for USDT dominance to trend higher.
❌ 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 Bitcoin analysis and key crypto market indicators. As usual, I’ll review the triggers for the New York futures session.
⏳ 1-Hour Timeframe
Yesterday, price made a bullish move and broke the 97139 zone, but later it turned out to be a fake breakout, and now it’s moving downward.
🔍 It’s likely that this downward move is just a pullback toward the SMA99 zone, and price may bounce back up afterward. If SMA99 breaks, deeper corrections down to 95370 are possible.
✔️ In my view, as long as price stays above the 95370 zone, Bitcoin remains in an uptrend. Only once price drops below this level can we start identifying potential bearish triggers.
📈 For now, we need to wait for more structure to develop before entering any positions. The 97139 level still remains a strong bullish trigger, but it’s best to wait for a reaction to it first so we can pinpoint the exact line, and then enter upon its breakout.
⚡️ Nothing more to add about Bitcoin for now — it’s Saturday, a weekend, and the chances of ranging price action are high.
👑 BTC.D Analysis
Looking at BTC dominance, yesterday it made a slight corrective move and pulled back to 64.77, where it seems to have found support.
📊 The next bullish trigger is the breakout of 64.91. Overall, the trend is still bullish, so if you're considering multi-day or swing positions, Bitcoin remains a better choice than altcoins.
📅 Total2 Analysis
Turning to the Total2 chart, this index was rejected from the 1.05 resistance once again yesterday and failed to hold above it. Until that changes, altcoins likely won’t see any significant upward momentum.
🔑 For downside movement in Total2, the trigger remains a break below 1.03.
📅 USDT.D Analysis
Now to Tether dominance — yesterday, this index finally closed a candle below the 4.99 level, but it was a fakeout, and it moved back above, once again preventing the broader market from turning bullish. This fakeout could inject bearish momentum into the market, potentially leading to deeper corrections.
⭐ For now, the 4.99 level still serves as a strong trigger for a bearish USDT dominance and thus a bullish signal for the market. A break above 5.10, however, would be a solid trigger for USDT dominance to trend higher.
❌ 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.