👋 Welcome to TradeCity Pro!
Today, we'll delve into the analysis of Bitcoin and key crypto indices. As usual, I want to review the triggers for the New York futures session.
🔄 Yesterday, there was news from Trump granting a 90-day tariff reprieve to all countries except China, which activated both long triggers I outlined for you yesterday—one before the news and one after.
⏳ 1-Hour Time Frame
In the hourly time frame, as you can see, after the price was supported at 74760 in yesterday's analysis, I mentioned that breaking 77735 could be a risky long entry and breaking 80595 would activate the Double Bottom long trigger.
🔍 As observed, the first trigger at 77735 provided a very good entry, allowing us to open a robust position. However, the 80595 position, as it activated a four-hour pattern, naturally takes longer to reach the target or stop-loss.
📈 Currently, the price has made a bullish leg and is in a correction phase, and we need to see how far this correction can continue. A new support is forming at 81522, where the price had previously shown support and is now being supported again.
✔️ With 80595 and 81522 being close, we can say that a yet unconfirmed support zone has formed around this area, and the price could start its next bullish move after correcting into this zone.
🔼 Thus, for a long position, reacting to this support zone and breaking the short-term ceiling in lower time frames can give us a position. The next trigger is breaking the ceiling at 83349, which could start the next bullish leg upon making a higher high.
💫 However, the main trigger for going long is breaking 84572, which is a major resistance. Since this area is very significant, I wouldn't open a position with just the break of 83349, as a rejection from 84572 could hit our stop-loss and poses a high risk.
✨ If you recall, in analysis number 52, I drew a trendline in the daily time frame that now coincides with this price area, and the trigger for breaking this trendline overlaps with 84572, another reason this resistance is significant and why its breach is crucial.
🔽 For short positions, as you know from following my analyses, I trade based on the current momentum and market trend. Since we have entered a bullish momentum and no bearish structure has been formed yet, there is no reason for a short position. However, if you still want to open one no matter what, breaking areas 81522 or 80595 could be very risky but suitable.
👑 BTC.D Analysis
Yesterday, there was a detailed analysis of Bitcoin dominance, complete with explanations of its utility and why we use it. I strongly recommend reviewing that analysis to understand why this chart needs to be checked and what's happening in its higher time frames.
☘️ Yesterday, the dominance faked out from the area of 63.30, then returned above this area, moving towards the ceiling of the box it had created, 63.50, and now it seems to be faking this area too.
⚡️ When this occurs in the chart, it indicates that the chart is not analyzable correctly, and we must wait until a proper structure is formed. Until then, we can decide candle by candle, following the momentum of each candle.
📅 Total2 Analysis
Moving on to the analysis of Total2, triggers in the areas of 896 and 920 were activated, and the price movement continued near the area of 965, now entering a corrective phase.
📊 The support floor being formed is slightly above 920, and we should wait for a new structure. Until then, breaking 965 for a long and breaking 920 for a short are suitable.
📅 USDT.D Analysis
Let's turn to Tether dominance, which, like Total2 and Bitcoin, has had its triggers activated and moved downward, reaching the support area at 5.53.
🎲 We confirm the continuation of the downtrend with the break of this 5.53, and for further correction, breaking 5.73 gives us confirmation.
❌ 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.
Today, we'll delve into the analysis of Bitcoin and key crypto indices. As usual, I want to review the triggers for the New York futures session.
🔄 Yesterday, there was news from Trump granting a 90-day tariff reprieve to all countries except China, which activated both long triggers I outlined for you yesterday—one before the news and one after.
⏳ 1-Hour Time Frame
In the hourly time frame, as you can see, after the price was supported at 74760 in yesterday's analysis, I mentioned that breaking 77735 could be a risky long entry and breaking 80595 would activate the Double Bottom long trigger.
🔍 As observed, the first trigger at 77735 provided a very good entry, allowing us to open a robust position. However, the 80595 position, as it activated a four-hour pattern, naturally takes longer to reach the target or stop-loss.
📈 Currently, the price has made a bullish leg and is in a correction phase, and we need to see how far this correction can continue. A new support is forming at 81522, where the price had previously shown support and is now being supported again.
✔️ With 80595 and 81522 being close, we can say that a yet unconfirmed support zone has formed around this area, and the price could start its next bullish move after correcting into this zone.
🔼 Thus, for a long position, reacting to this support zone and breaking the short-term ceiling in lower time frames can give us a position. The next trigger is breaking the ceiling at 83349, which could start the next bullish leg upon making a higher high.
💫 However, the main trigger for going long is breaking 84572, which is a major resistance. Since this area is very significant, I wouldn't open a position with just the break of 83349, as a rejection from 84572 could hit our stop-loss and poses a high risk.
✨ If you recall, in analysis number 52, I drew a trendline in the daily time frame that now coincides with this price area, and the trigger for breaking this trendline overlaps with 84572, another reason this resistance is significant and why its breach is crucial.
🔽 For short positions, as you know from following my analyses, I trade based on the current momentum and market trend. Since we have entered a bullish momentum and no bearish structure has been formed yet, there is no reason for a short position. However, if you still want to open one no matter what, breaking areas 81522 or 80595 could be very risky but suitable.
👑 BTC.D Analysis
Yesterday, there was a detailed analysis of Bitcoin dominance, complete with explanations of its utility and why we use it. I strongly recommend reviewing that analysis to understand why this chart needs to be checked and what's happening in its higher time frames.
☘️ Yesterday, the dominance faked out from the area of 63.30, then returned above this area, moving towards the ceiling of the box it had created, 63.50, and now it seems to be faking this area too.
⚡️ When this occurs in the chart, it indicates that the chart is not analyzable correctly, and we must wait until a proper structure is formed. Until then, we can decide candle by candle, following the momentum of each candle.
📅 Total2 Analysis
Moving on to the analysis of Total2, triggers in the areas of 896 and 920 were activated, and the price movement continued near the area of 965, now entering a corrective phase.
📊 The support floor being formed is slightly above 920, and we should wait for a new structure. Until then, breaking 965 for a long and breaking 920 for a short are suitable.
📅 USDT.D Analysis
Let's turn to Tether dominance, which, like Total2 and Bitcoin, has had its triggers activated and moved downward, reaching the support area at 5.53.
🎲 We confirm the continuation of the downtrend with the break of this 5.53, and for further correction, breaking 5.73 gives us confirmation.
❌ 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!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
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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.