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Let’s dive into the analysis of Bitcoin and key crypto indicators. As usual, I’ll walk you through the futures triggers for the New York session.
⏳ 1-Hour Timeframe
As you can see, yesterday the price stabilized below 95370 and completed a downward leg to 93626, reacting exactly to the level I pointed out in the previous analysis.
✔️ I mentioned earlier that you could enter a short position after breaking 95370 — but remember, this position is against the higher timeframe trend, so the downward move will likely end once it hits the first support, since the market momentum remains bullish on larger timeframes.
💥 Currently, the price has reacted to 93626 and seems to be resting from the previous downward move. I believe a new range box may form between 95370 and 93626 — if that happens, I’ll go long on a break above 95370.
🔽 For short positions, given the bearish momentum in this timeframe, we can look to re-enter on a break below 93626 in the next retest.
📊 Watch volume and RSI today. The volume of red candles has been much higher than bullish ones, which increases the chance of a deeper correction. If you’re shorting, keep a tight stop-loss, take profits quickly, and treat it as a scalp trade.
📈 For long positions, since it’s against the short-term trend, you’ll need a wider stop — but if the correction ends and a new bullish leg begins, the trade may stay open longer.
🧩 As for RSI: as long as it stays below 50, market momentum is bearish. A break below 30 and entry into oversold increases the likelihood of more downside.
👑 BTC.D Analysis
Bitcoin dominance broke 64.77 yesterday and retraced to 64.60. If this downward move continues, we could see early signs of a trend shift.
✨ Important note: dominance has been in an uptrend on higher timeframes, so a break of 64.60 only confirms a short-term correction. Don’t take it as a trend reversal just yet.
💫 If dominance continues to drop and the market rises, altcoins could outperform Bitcoin. Conversely, if dominance rises again, Bitcoin will rally more than altcoins.
📅 Total2 Analysis
Total2 broke below 1.03 yesterday, retested it, and now looks set to continue downward. The next support is at 1.00 — if you’re already short, consider taking profits at that level.
☘️ We’ll get full trend reversal confirmation with a break below 1.00. For long positions, the 1.05 breakout is extremely important. I strongly recommend not missing that trigger if it happens.
📅 USDT.D Analysis
USDT dominance stabilized above 5.10 yesterday, moving further away from 4.99, and is now testing 5.19. A break above 5.19 would be a strong signal that a deeper market correction is starting.
🔑 On the flip side, a break below 4.99 is still the best and most important trigger to confirm the market’s return to a bullish trend.
❌ 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 indicators. As usual, I’ll walk you through the futures triggers for the New York session.
⏳ 1-Hour Timeframe
As you can see, yesterday the price stabilized below 95370 and completed a downward leg to 93626, reacting exactly to the level I pointed out in the previous analysis.
✔️ I mentioned earlier that you could enter a short position after breaking 95370 — but remember, this position is against the higher timeframe trend, so the downward move will likely end once it hits the first support, since the market momentum remains bullish on larger timeframes.
💥 Currently, the price has reacted to 93626 and seems to be resting from the previous downward move. I believe a new range box may form between 95370 and 93626 — if that happens, I’ll go long on a break above 95370.
🔽 For short positions, given the bearish momentum in this timeframe, we can look to re-enter on a break below 93626 in the next retest.
📊 Watch volume and RSI today. The volume of red candles has been much higher than bullish ones, which increases the chance of a deeper correction. If you’re shorting, keep a tight stop-loss, take profits quickly, and treat it as a scalp trade.
📈 For long positions, since it’s against the short-term trend, you’ll need a wider stop — but if the correction ends and a new bullish leg begins, the trade may stay open longer.
🧩 As for RSI: as long as it stays below 50, market momentum is bearish. A break below 30 and entry into oversold increases the likelihood of more downside.
👑 BTC.D Analysis
Bitcoin dominance broke 64.77 yesterday and retraced to 64.60. If this downward move continues, we could see early signs of a trend shift.
✨ Important note: dominance has been in an uptrend on higher timeframes, so a break of 64.60 only confirms a short-term correction. Don’t take it as a trend reversal just yet.
💫 If dominance continues to drop and the market rises, altcoins could outperform Bitcoin. Conversely, if dominance rises again, Bitcoin will rally more than altcoins.
📅 Total2 Analysis
Total2 broke below 1.03 yesterday, retested it, and now looks set to continue downward. The next support is at 1.00 — if you’re already short, consider taking profits at that level.
☘️ We’ll get full trend reversal confirmation with a break below 1.00. For long positions, the 1.05 breakout is extremely important. I strongly recommend not missing that trigger if it happens.
📅 USDT.D Analysis
USDT dominance stabilized above 5.10 yesterday, moving further away from 4.99, and is now testing 5.19. A break above 5.19 would be a strong signal that a deeper market correction is starting.
🔑 On the flip side, a break below 4.99 is still the best and most important trigger to confirm the market’s return to a bullish trend.
❌ 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.
💥 Don’t Miss Out!
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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.