TradeCityPro | Bitcoin Daily Analysis #50👋 Welcome to TradeCity Pro
Let's move on to the 50th analysis of Bitcoin and key crypto indices in this analysis as usual I want to review the New York futures session triggers for you
🫶 Before starting the analysis I want to thank you for all the support you have given us along the way so that we could reach the 50th analysis I hope that the number of these analyses increases much more and that we are always with you and that you also benefit from the analyses❤️
⏳ 1-hour timeframe
Yesterday Bitcoin rose from the 82302 zone and moved upward finally forming a base after the sharp and deep decline it had and even managed to go above the 83808 zone
⚡️ I slightly adjusted this zone and moved it to 83510 because the price reacted better to this zone
💫 Currently, we are witnessing a rejection from the 84486 zone which has pushed the price back towards 83510 if selling volume increases the price may drop further
✔️ If the price goes below the 83510 zone again in lower timeframes and with the activation of the fake breakout trigger we can open a short-term short position the main trigger is in the 82302 zone
🔼 For a long position breaking 84486 is suitable and with this breakout, the price can start the next bullish leg the entry of RSI into Overbuy will also be a momentum confirmation and can cause us to see large bullish candles
👑 BTC.D Analysis
Moving on to Bitcoin dominance today dominance faced a rejection from 62.35 which could cause dominance to decline
💥 The trigger for confirming this rejection and the downtrend is in the 62.06 zone and breaking this zone could move the price towards the 61.81 and 61.63 zones
📈 Stabilization of dominance above 62.35 will also confirm the uptrend again
📅 Total2 Analysis
Moving on to the Total2 analysis yesterday the 1.01 trigger was activated and the price has also pulled back to it but today we have a trigger for both long and short positions
🔽 For a short position breaking 990 and for a long position breaking 1.02 can confirm opening positions on altcoins
📅 USDT.D Analysis
Moving on to USDT dominance a Head and Shoulders pattern has formed where the neckline in the 5.41 zone has also been broken and the price is pulling back to it
📉 If the price is rejected from the 5.41 zone we will confirm the activation of this pattern and with the break of 5.33 we can confirm the downtrend of dominance
⭐ For an uptrend in dominance breaking 5.41 and invalidating the pattern can be a suitable trigger
❌ 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.