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Let’s dive into the Bitcoin analysis and the key crypto indexes. In this analysis, as usual, I want to review the New York session futures triggers for you.
⏳ 1-Hour timeframe
In the 1-hour timeframe, as you can see, Bitcoin, after the correction down to the 116829 level, is now breaking the 118494 top again.
🔔 This move can potentially start Bitcoin’s next bullish leg. In that case, I think this leg will be a strong one because the correction was very shallow and didn’t even reach the 0.236 Fibonacci level, so the price may perform another sharp move.
💥 On the other hand, the RSI oscillator is entering Overbuy, which increases the probability of a bullish scenario and a sharp next leg.
📈 If the 118494 level is broken, we can open a long position. We already have suitable confirmations for this position since volume and RSI are aligned with price, and also the SMA25 is supporting the price and pushing it upward.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. The dominance trend is still bearish and continuing downward.
⭐ Currently, it’s sitting on a key support at 64.44, and breaking this level can continue the bearish move in dominance.
📅 Total2 Analysis
Let’s go over Total2. Yesterday, after correcting to the 1.26 level, it seems the next bullish move has started and it’s heading toward 1.3.
🎲 The main resistance I see for Total2 is still 1.33, and I believe this will be the main ceiling that Total2 will struggle with.
📅 USDT.D Analysis
Moving on to Tether dominance. This index is still dropping and is now sitting at the 4.36 support.
✨ Breaking this level will start the next bearish leg, and the price can move toward 4.22. If a correction occurs, the first level will be 4.49.
❌ 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 the key crypto indexes. In this analysis, as usual, I want to review the New York session futures triggers for you.
⏳ 1-Hour timeframe
In the 1-hour timeframe, as you can see, Bitcoin, after the correction down to the 116829 level, is now breaking the 118494 top again.
🔔 This move can potentially start Bitcoin’s next bullish leg. In that case, I think this leg will be a strong one because the correction was very shallow and didn’t even reach the 0.236 Fibonacci level, so the price may perform another sharp move.
💥 On the other hand, the RSI oscillator is entering Overbuy, which increases the probability of a bullish scenario and a sharp next leg.
📈 If the 118494 level is broken, we can open a long position. We already have suitable confirmations for this position since volume and RSI are aligned with price, and also the SMA25 is supporting the price and pushing it upward.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. The dominance trend is still bearish and continuing downward.
⭐ Currently, it’s sitting on a key support at 64.44, and breaking this level can continue the bearish move in dominance.
📅 Total2 Analysis
Let’s go over Total2. Yesterday, after correcting to the 1.26 level, it seems the next bullish move has started and it’s heading toward 1.3.
🎲 The main resistance I see for Total2 is still 1.33, and I believe this will be the main ceiling that Total2 will struggle with.
📅 USDT.D Analysis
Moving on to Tether dominance. This index is still dropping and is now sitting at the 4.36 support.
✨ Breaking this level will start the next bearish leg, and the price can move toward 4.22. If a correction occurs, the first level will be 4.49.
❌ 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: 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.