Bitcoin / TetherUS
Long

TradeCityPro | Bitcoin Daily Analysis #42

986
👋 Welcome to TradeCity Pro!
Let's delve into the analysis of Bitcoin and other key crypto indices. As usual, I will review the futures triggers for the New York session for you.

⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the price still maintains a range box between 83808 and 84734, and the market volume has decreased even more from yesterday.

📊 The less the volume, the closer we are to a price movement, so again, keep an eye on the market to ensure you don't miss any active triggers.

⚡️ For a short position, you can enter with a break of 83808, and for a long position, with a break of 84734.

👑 BTC.D Analysis
Let's move to the analysis of Bitcoin dominance. Yesterday, the support at 61.43 was broken, and it's moving towards 61.08.

✔️ Currently, I don’t have any specific triggers for confirmation in dominance, but as long as the dominance stays below 61.43, I see it continuing its downward trend.

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📅 Total2 Analysis
On to the analysis of Total2, the trigger at 1.05 is about to be activated, and the price could move towards 1.07 with a break of this area.

🔽 The short trigger remains at 1.04 for now.

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📅 USDT.D Analysis
Finally, looking at the Tether dominance, this index is still ranging between 5.25 and 5.34.

💫 A break of either of these areas could determine the next leg of the price movement.

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❌ 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.

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.