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Let's dive into the Bitcoin analysis and key crypto indices. In this analysis, as usual, I want to review the futures triggers for the New York session.
⏳ 1-hour timeframe
In the 1-hour timeframe, as you can see, after breaking 83806, a downward movement occurred but then it moved upwards again, now forming a box between 82066 and 83806.
✔️ Today we have triggers for both long and short positions because the price has formed a good structure for opening positions, and since it's the beginning of the week, volume can enter the market.
🎲 We also have an ascending trendline that originated from the bottom at 77598, which the price has hit several times. If this trendline breaks, the price can start a new downward leg.
🔼 For long positions, our first trigger is 83806, which may coincide with an RSI of 54.70. However, this trigger is risky and the primary trigger for a breakout is 84817.
📉 For short positions, a good trigger was formed yesterday at 82066. Breaking this area could initiate the next downward leg to 80105. This trigger is also a trendline break trigger, and breaking this area could start the next downward leg to 80105. The primary trigger for this is also the break of 80105.
👑 BTC.D Analysis
Let's move on to the Bitcoin dominance analysis. As you can see, dominance was rejected from the ceiling of 62.03 and moved downward. Currently, dominance has again reached 61.53.
💥 If 61.53 breaks, dominance can move downwards and conversely, if 62.03 breaks, the price can move upwards.
📊 Overall, a range box has been formed again, and breaking the floor or ceiling of this box can determine the next price leg.
📅 Total2 Analysis
Moving on to the Total2 analysis, this index rose from 1.01 yesterday and is now moving towards 1.04.
💫 Today's long trigger is the break of 1.04, but we need to wait until the price reacts to this area once to get the exact resistance number and open a position with its breakout.
🔽 For short positions, you can enter a very good and suitable short position with a break of 1.01.
📅 USDT.D Analysis
The dominance of Tether has formed a large range box between 5.28 and 5.56, and currently, the price is near the bottom of the box. There is also a resistance line at 5.43 within the box.
⚡️ Today, for confirming a downward trend in dominance, you can use the break of 5.28, and for an upward trend, you can confirm with the break of 5.43.
❌ 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 indices. In this analysis, as usual, I want to review the futures triggers for the New York session.
⏳ 1-hour timeframe
In the 1-hour timeframe, as you can see, after breaking 83806, a downward movement occurred but then it moved upwards again, now forming a box between 82066 and 83806.
✔️ Today we have triggers for both long and short positions because the price has formed a good structure for opening positions, and since it's the beginning of the week, volume can enter the market.
🎲 We also have an ascending trendline that originated from the bottom at 77598, which the price has hit several times. If this trendline breaks, the price can start a new downward leg.
🔼 For long positions, our first trigger is 83806, which may coincide with an RSI of 54.70. However, this trigger is risky and the primary trigger for a breakout is 84817.
📉 For short positions, a good trigger was formed yesterday at 82066. Breaking this area could initiate the next downward leg to 80105. This trigger is also a trendline break trigger, and breaking this area could start the next downward leg to 80105. The primary trigger for this is also the break of 80105.
👑 BTC.D Analysis
Let's move on to the Bitcoin dominance analysis. As you can see, dominance was rejected from the ceiling of 62.03 and moved downward. Currently, dominance has again reached 61.53.
💥 If 61.53 breaks, dominance can move downwards and conversely, if 62.03 breaks, the price can move upwards.
📊 Overall, a range box has been formed again, and breaking the floor or ceiling of this box can determine the next price leg.
📅 Total2 Analysis
Moving on to the Total2 analysis, this index rose from 1.01 yesterday and is now moving towards 1.04.
💫 Today's long trigger is the break of 1.04, but we need to wait until the price reacts to this area once to get the exact resistance number and open a position with its breakout.
🔽 For short positions, you can enter a very good and suitable short position with a break of 1.01.
📅 USDT.D Analysis
The dominance of Tether has formed a large range box between 5.28 and 5.56, and currently, the price is near the bottom of the box. There is also a resistance line at 5.43 within the box.
⚡️ Today, for confirming a downward trend in dominance, you can use the break of 5.28, and for an upward trend, you can confirm with the break of 5.43.
❌ 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: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 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!
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 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.