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Let’s move on to the analysis of Bitcoin and key crypto indices. As usual, in this analysis I want to review the futures session triggers for New York.
🔄 Yesterday's Analysis
In yesterday’s analysis, I told you that since the 84363 level was broken, RSI had entered Oversell, and selling volume had increased — if sellers were truly stronger than buyers, the price could drop to 83233. But if that didn’t happen and the price returned above 84363, we could say the move was fake and both the momentum and selling pressure were also fake — and the price could move upward.
👀 As you can see, that’s exactly what happened. The move turned out to be a fake break, and the price reversed. With this fakeout, we could have opened a position in the lower timeframes — as shown in the chart I provided. In the 15-minute time frame, after the fakeout of 84363, the price formed a top at 84633, and with a strong breakout candle, the trigger was activated and the price moved upward — reaching a 15:1 risk-to-reward ratio so far.
🚀 Another position could have been opened in the 1-hour time frame, where we could have entered after breaking 85126. As you can see, the candle closed above this level, the price moved up, and the position reached a 5:1 risk-to-reward.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the price moved up to 87562 and has now been rejected from this level. The RSI has also exited the Overbuy zone.
✔️ To continue the upward trend and open a long position, for now — since the market hasn’t formed much structure yet — you can enter on the break of 87562. But if more structure forms, you can enter on the break of the new structure or a pullback to the SMA25.
📉 For a short position, we need to wait for now, because market momentum is bullish, and in my opinion, we shouldn’t trade against the trend. So, if you want to short, wait for a trend reversal, or for the price to fall back below 85550, which would invalidate the whole move as a fakeout.
💥 Keep an eye on momentum oscillators like RSI today. If RSI enters Overbuy again, there’s a strong chance of a new bullish wave starting.
👑 BTC.D Analysis
Bitcoin Dominance also moved upward yesterday in sync with the overall market, reaching 64.12.
☘️ If the price can stabilize above 64.12, the next bullish leg of BTC dominance will start. The first trigger for a bearish shift in BTC dominance is the break of 63.67.
📅 Total2 Analysis
Now let’s look at Total2. Yesterday, the 965 level was broken and the price moved up to 980, but — just like Bitcoin — it was rejected from that level and is now pulling back.
🔼 To continue the bullish move, breaking 980 will be a valid trigger. For short positions, we need to wait for a trend reversal.
📅 USDT.D Analysis
Looking at Tether Dominance (USDT.D), as you can see, it also had a sharp move yesterday, breaking 5.44 and 5.39, and reaching 5.32.
✨ The key support for the past few days was at 5.39, and now that this level is broken, the price dropped to 5.32 where it found support.
🎲 Continuation of the bearish trend in USDT dominance requires a break of 5.32. For a bullish reversal, we need to wait for a clear change in 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 move on to the analysis of Bitcoin and key crypto indices. As usual, in this analysis I want to review the futures session triggers for New York.
🔄 Yesterday's Analysis
In yesterday’s analysis, I told you that since the 84363 level was broken, RSI had entered Oversell, and selling volume had increased — if sellers were truly stronger than buyers, the price could drop to 83233. But if that didn’t happen and the price returned above 84363, we could say the move was fake and both the momentum and selling pressure were also fake — and the price could move upward.
👀 As you can see, that’s exactly what happened. The move turned out to be a fake break, and the price reversed. With this fakeout, we could have opened a position in the lower timeframes — as shown in the chart I provided. In the 15-minute time frame, after the fakeout of 84363, the price formed a top at 84633, and with a strong breakout candle, the trigger was activated and the price moved upward — reaching a 15:1 risk-to-reward ratio so far.
🚀 Another position could have been opened in the 1-hour time frame, where we could have entered after breaking 85126. As you can see, the candle closed above this level, the price moved up, and the position reached a 5:1 risk-to-reward.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the price moved up to 87562 and has now been rejected from this level. The RSI has also exited the Overbuy zone.
✔️ To continue the upward trend and open a long position, for now — since the market hasn’t formed much structure yet — you can enter on the break of 87562. But if more structure forms, you can enter on the break of the new structure or a pullback to the SMA25.
📉 For a short position, we need to wait for now, because market momentum is bullish, and in my opinion, we shouldn’t trade against the trend. So, if you want to short, wait for a trend reversal, or for the price to fall back below 85550, which would invalidate the whole move as a fakeout.
💥 Keep an eye on momentum oscillators like RSI today. If RSI enters Overbuy again, there’s a strong chance of a new bullish wave starting.
👑 BTC.D Analysis
Bitcoin Dominance also moved upward yesterday in sync with the overall market, reaching 64.12.
☘️ If the price can stabilize above 64.12, the next bullish leg of BTC dominance will start. The first trigger for a bearish shift in BTC dominance is the break of 63.67.
📅 Total2 Analysis
Now let’s look at Total2. Yesterday, the 965 level was broken and the price moved up to 980, but — just like Bitcoin — it was rejected from that level and is now pulling back.
🔼 To continue the bullish move, breaking 980 will be a valid trigger. For short positions, we need to wait for a trend reversal.
📅 USDT.D Analysis
Looking at Tether Dominance (USDT.D), as you can see, it also had a sharp move yesterday, breaking 5.44 and 5.39, and reaching 5.32.
✨ The key support for the past few days was at 5.39, and now that this level is broken, the price dropped to 5.32 where it found support.
🎲 Continuation of the bearish trend in USDT dominance requires a break of 5.32. For a bullish reversal, we need to wait for a clear change in 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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🏆 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.