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Let’s dive into the analysis of Bitcoin and key crypto indicators. As usual, I’ll review the futures triggers for the New York session.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, as you can see, Bitcoin made a bullish move yesterday after stabilizing above the 109391 level and managed to register a new ATH around the 112000 level.
⭐ The resistance at 111747 has effectively held back further price increases, and the price has reacted to it and entered a corrective phase.
✔️ I believe the correction could continue down to 110256. The next lower support levels are 109391 and 107853.
📈 If you already have a long position open, I recommend holding it. If the 111747 resistance breaks, a strong bullish trend could begin, and having an open position from earlier could have a big positive impact on your account.
🔼 If 111747 is broken, we can consider opening new long positions. If this level breaks, I’ll post a higher timeframe analysis to identify the next major resistance levels.
💥 RSI entering the Overbuy zone and rising volume would provide strong confirmation for this position.
👑 BTC.D Analysis
Bitcoin Dominance is still dropping. Yesterday, after breaking 64.81, it continued its downward move and is now approaching the 64.49 level.
🔍 If this level breaks, the drop could continue further, but in my opinion, after the recent drop, it's time for BTC.D to enter a correction phase.
📅 Total2 Analysis
Total2 has also had a bullish move, breaking through the 1.18 and 1.2 levels, and continues to rise.
🎲 The next resistance is at 1.24, which the price may target. However, I think there’s a high chance of a correction or consolidation phase starting soon.
📅 USDT.D Analysis
Looking at Tether Dominance, after the recent drop and the break of 4.72, it reached the 4.63 level and has formed a base there.
✨ If 4.63 breaks, USDT.D could head toward 4.56. In case of a pullback, the first level to watch is 4.72.
❌ 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 analysis of Bitcoin and key crypto indicators. As usual, I’ll review the futures triggers for the New York session.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, as you can see, Bitcoin made a bullish move yesterday after stabilizing above the 109391 level and managed to register a new ATH around the 112000 level.
⭐ The resistance at 111747 has effectively held back further price increases, and the price has reacted to it and entered a corrective phase.
✔️ I believe the correction could continue down to 110256. The next lower support levels are 109391 and 107853.
📈 If you already have a long position open, I recommend holding it. If the 111747 resistance breaks, a strong bullish trend could begin, and having an open position from earlier could have a big positive impact on your account.
🔼 If 111747 is broken, we can consider opening new long positions. If this level breaks, I’ll post a higher timeframe analysis to identify the next major resistance levels.
💥 RSI entering the Overbuy zone and rising volume would provide strong confirmation for this position.
👑 BTC.D Analysis
Bitcoin Dominance is still dropping. Yesterday, after breaking 64.81, it continued its downward move and is now approaching the 64.49 level.
🔍 If this level breaks, the drop could continue further, but in my opinion, after the recent drop, it's time for BTC.D to enter a correction phase.
📅 Total2 Analysis
Total2 has also had a bullish move, breaking through the 1.18 and 1.2 levels, and continues to rise.
🎲 The next resistance is at 1.24, which the price may target. However, I think there’s a high chance of a correction or consolidation phase starting soon.
📅 USDT.D Analysis
Looking at Tether Dominance, after the recent drop and the break of 4.72, it reached the 4.63 level and has formed a base there.
✨ If 4.63 breaks, USDT.D could head toward 4.56. In case of a pullback, the first level to watch is 4.72.
❌ 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.