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Today, we're diving into the analysis of Bitcoin and major crypto indices. As usual, I will review the New York session's future triggers for you.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the trigger I set yesterday at 83979 was activated, and with the area's breach, it seems like the next bearish leg might commence.
💫 I've moved yesterday's trigger down to 83806, and we'll see if it reacts to this in the future.
💥 Currently, the RSI is entering the oversold territory, and with the entry of bearish momentum, the price could move down to 80105. The main price support remains at 77598.
📊 Today, I don't have any specific triggers yet and we need to wait for the price to establish a new structure. For short positions, you can utilize the triggers available in the lower timeframes.
📈 For long positions, like shorts, you must wait for the price to form a new structure. However, if the price sharply moves upwards, the long trigger will be at 84817.
👑 BTC.D Analysis
Moving to the Bitcoin dominance analysis, BTC.D has formed a range between 61.53 and 62.03 and is currently moving towards the upper boundary of this box.
⭐ If this upward movement occurs, altcoins will likely fall more than Bitcoin, and if the altcoin short trigger activates, you can enter a position.
✔️ A major confirmation of upward movement will be with a break of 62.03, and a downward trend confirmation will be with a break below 61.53.
📅 Total2 Analysis
Moving on to Total2, yesterday's trigger at 1.04 was activated but it turned out to be a fake break, and the price has since returned below this area, now touching 1.01.
⚡️ For short positions, look for a break below 1.01, and for long positions, you can still take confirmation from 1.04.
📅 USDT.D Analysis
Finally, looking at the Tether dominance, similar to Bitcoin, its trigger has been activated, breaking the area of 5.33, and the price is trending upwards.
🎲 A confirmation of an upward movement will be with a break above 5.56, and a confirmation of a downward trend will be with a break below 5.28.
❌ 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're diving into the analysis of Bitcoin and major crypto indices. As usual, I will review the New York session's future triggers for you.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the trigger I set yesterday at 83979 was activated, and with the area's breach, it seems like the next bearish leg might commence.
💫 I've moved yesterday's trigger down to 83806, and we'll see if it reacts to this in the future.
💥 Currently, the RSI is entering the oversold territory, and with the entry of bearish momentum, the price could move down to 80105. The main price support remains at 77598.
📊 Today, I don't have any specific triggers yet and we need to wait for the price to establish a new structure. For short positions, you can utilize the triggers available in the lower timeframes.
📈 For long positions, like shorts, you must wait for the price to form a new structure. However, if the price sharply moves upwards, the long trigger will be at 84817.
👑 BTC.D Analysis
Moving to the Bitcoin dominance analysis, BTC.D has formed a range between 61.53 and 62.03 and is currently moving towards the upper boundary of this box.
⭐ If this upward movement occurs, altcoins will likely fall more than Bitcoin, and if the altcoin short trigger activates, you can enter a position.
✔️ A major confirmation of upward movement will be with a break of 62.03, and a downward trend confirmation will be with a break below 61.53.
📅 Total2 Analysis
Moving on to Total2, yesterday's trigger at 1.04 was activated but it turned out to be a fake break, and the price has since returned below this area, now touching 1.01.
⚡️ For short positions, look for a break below 1.01, and for long positions, you can still take confirmation from 1.04.
📅 USDT.D Analysis
Finally, looking at the Tether dominance, similar to Bitcoin, its trigger has been activated, breaking the area of 5.33, and the price is trending upwards.
🎲 A confirmation of an upward movement will be with a break above 5.56, and a confirmation of a downward trend will be with a break below 5.28.
❌ 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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💰 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.