👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and key crypto indices. As usual, in this analysis I’ll review the potential triggers for the New York futures session.
⏳ 1-Hour Timeframe
As you can see on the 1-Hour chart, Bitcoin started a bullish move after breaking the 111747 resistance, which continued up to 118494.
✨ Currently, the price is consolidating after reaching that resistance and has formed a range box between 116829 and 118494, fluctuating within this zone.
💥 The RSI oscillator has exited the Overbuy zone and is now near the 50 level. If it drops below 50, there is a possibility of a deeper correction.
⚡️ Confirmation of a deeper correction would come with a close below the 116829 level. The next support areas will be Fibonacci levels, which I have marked on the chart.
✔️ Since the SMA25 has reached the candles and there is no significant momentum yet, we’ll need to wait for the SMA99 to approach the price to see if momentum enters the market.
👑 BTC.D Analysis
Looking at Bitcoin Dominance, yesterday it reached the 64.18 support level and managed to bounce back, closing above 64.44.
🔔 Currently, it’s consolidating above 64.81, and if this holds, the trend could turn bullish for now.
📅 Total2 Analysis
Total2’s main resistance is at 1.33, but the price was rejected at 1.3 and is now correcting toward 1.26.
🔍 If the correction continues, the 0.382 and 0.618 Fibonacci levels would be reasonable areas to watch. If the upward move resumes, the next target will be 1.33.
📅 USDT.D Analysis
Tether Dominance has had a steep drop from 4.72 and has now reached 4.36. If support holds at this level, we could see a correction back toward Fibonacci zones.
🎲 A break below 4.36 would confirm continuation of the downtrend.
Let’s dive into the Bitcoin analysis and key crypto indices. As usual, in this analysis I’ll review the potential triggers for the New York futures session.
⏳ 1-Hour Timeframe
As you can see on the 1-Hour chart, Bitcoin started a bullish move after breaking the 111747 resistance, which continued up to 118494.
✨ Currently, the price is consolidating after reaching that resistance and has formed a range box between 116829 and 118494, fluctuating within this zone.
💥 The RSI oscillator has exited the Overbuy zone and is now near the 50 level. If it drops below 50, there is a possibility of a deeper correction.
⚡️ Confirmation of a deeper correction would come with a close below the 116829 level. The next support areas will be Fibonacci levels, which I have marked on the chart.
✔️ Since the SMA25 has reached the candles and there is no significant momentum yet, we’ll need to wait for the SMA99 to approach the price to see if momentum enters the market.
👑 BTC.D Analysis
Looking at Bitcoin Dominance, yesterday it reached the 64.18 support level and managed to bounce back, closing above 64.44.
🔔 Currently, it’s consolidating above 64.81, and if this holds, the trend could turn bullish for now.
📅 Total2 Analysis
Total2’s main resistance is at 1.33, but the price was rejected at 1.3 and is now correcting toward 1.26.
🔍 If the correction continues, the 0.382 and 0.618 Fibonacci levels would be reasonable areas to watch. If the upward move resumes, the next target will be 1.33.
📅 USDT.D Analysis
Tether Dominance has had a steep drop from 4.72 and has now reached 4.36. If support holds at this level, we could see a correction back toward Fibonacci zones.
🎲 A break below 4.36 would confirm continuation of the downtrend.
💥 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
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
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.