TradeCityPro | Bitcoin Daily Analysis #123👋 Welcome to TradeCity Pro!
Let’s dive into the analysis of Bitcoin and key crypto indices. As usual, in this analysis I’ll go over the trigger levels for the New York futures session.
⏳ 1-Hour Timeframe
On the 1-hour chart, as you can see, Bitcoin is currently below a resistance zone at 109135 and is approaching this level with strong bullish momentum.
⭐ If the price breaks and stabilizes above this level, we can open a long position. Both the volume and market momentum are confirming this setup well, but the main long trigger remains the breakout of 109135.
📈 If this bullish move turns out to be fake and the price starts heading downward, the first trigger we have for a short position is the 107853 level. A break below this level would give us an entry for a short.
👀 Overall, I think the market has been pretty straightforward lately, and we don’t need complex tools to analyze it. Just these support and resistance levels and simple triggers are sufficient.
👑 BTC.D Analysis
Moving on to Bitcoin Dominance, the 65.04 floor has finally broken, and dominance is now trending downward.
💫 The next support ahead is at 64.81, which the price is approaching. We’ll have to see how the market reacts to this level. For now, the trend of dominance in the 1-hour timeframe appears bearish.
📅 Total2 Analysis
Let’s look at Total2. With Bitcoin Dominance dropping and Bitcoin itself moving upward, Total2 has started a strong bullish leg and is heading toward the 1.18 level.
🔑 Many of the altcoins I’ve analyzed have triggered their entries, and as long as Total2 remains bullish, these moves can continue.
📅 USDT.D Analysis
Now to Tether Dominance. After breaking below the 4.76 level, it has now reached the 4.72 floor.
💥 A break below this floor could confirm continuation of the downtrend, but in my opinion, the price may pause here for some correction and consolidation.
❌ 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.
