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Let's dive into the analysis of Bitcoin and the key crypto indices. Today, as usual, I want to review the important futures triggers for the New York session.
📰 Yesterday, Trump and Powell had speeches, but contrary to expectations, they didn't make any significant statements. As you can see, their remarks had little to no impact on the charts.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, as observed, Bitcoin hasn’t reacted to yesterday’s events, and price action has been normal, with no unusual candles. Therefore, we will ignore the news and focus on our regular trading triggers.
✅ Currently, Bitcoin has broken the trendline formed yesterday and is near its trigger level at 85,552. Market volume is extremely low, which indicates that a big move is approaching. If this level breaks, a position can be opened.
📊 However, keep in mind that one reason for the low volume is that today is Saturday, a market holiday, meaning the price might continue ranging, and volume could drop even further.
📉 Regardless, the break of 85,552 is a crucial trigger, and if this level fails, Bitcoin could drop to lower supports like 83,151 and 78,940. Therefore, I will open a short position if this trigger is activated. The break of 37.93 on RSI will confirm this position.
🔼 For a long position, a major resistance has formed at 86,849, and if this level breaks, the trendline breakdown will be invalidated, and the price could push higher.
👑 BTC.D Analysis
Moving on to Bitcoin dominance, as seen on the chart, nothing has changed—BTC.D is still ranging.
⚡️ If BTC.D breaks below 61.08, it could drop to 60.40.If BTC.D breaks above 61.61, more capital will flow into Bitcoin.
🎲 Overall, BTC dominance has been ranging for a long time, making it hard to analyze. As a result, there aren't many scenarios to discuss.
📅 Total2 Analysis
Now, let’s analyze Total2 and find suitable triggers for this index.
⚡️ The trigger for this index has not yet been activated.For a short position, enter if 1.07 is broken.For a long position, the closest trigger is at 1.13.
📅 USDT.D Analysis
Moving on to Tether dominance, this index has finally confirmed a breakout above 5.08 and even pulled back to retest this level.
💥 However, as seen from the candles above this area, there is no strong momentum in either direction. The price has no clear upward or downward acceleration.
🌿 A strong bullish confirmation for USDT.D would be a powerful green candle closing above this zone.
🔽 A bearish confirmation would be a drop back below 5.08, which would serve as the first sign of weakness in Tether dominance.
❌ 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 the key crypto indices. Today, as usual, I want to review the important futures triggers for the New York session.
📰 Yesterday, Trump and Powell had speeches, but contrary to expectations, they didn't make any significant statements. As you can see, their remarks had little to no impact on the charts.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, as observed, Bitcoin hasn’t reacted to yesterday’s events, and price action has been normal, with no unusual candles. Therefore, we will ignore the news and focus on our regular trading triggers.
✅ Currently, Bitcoin has broken the trendline formed yesterday and is near its trigger level at 85,552. Market volume is extremely low, which indicates that a big move is approaching. If this level breaks, a position can be opened.
📊 However, keep in mind that one reason for the low volume is that today is Saturday, a market holiday, meaning the price might continue ranging, and volume could drop even further.
📉 Regardless, the break of 85,552 is a crucial trigger, and if this level fails, Bitcoin could drop to lower supports like 83,151 and 78,940. Therefore, I will open a short position if this trigger is activated. The break of 37.93 on RSI will confirm this position.
🔼 For a long position, a major resistance has formed at 86,849, and if this level breaks, the trendline breakdown will be invalidated, and the price could push higher.
👑 BTC.D Analysis
Moving on to Bitcoin dominance, as seen on the chart, nothing has changed—BTC.D is still ranging.
⚡️ If BTC.D breaks below 61.08, it could drop to 60.40.If BTC.D breaks above 61.61, more capital will flow into Bitcoin.
🎲 Overall, BTC dominance has been ranging for a long time, making it hard to analyze. As a result, there aren't many scenarios to discuss.
📅 Total2 Analysis
Now, let’s analyze Total2 and find suitable triggers for this index.
⚡️ The trigger for this index has not yet been activated.For a short position, enter if 1.07 is broken.For a long position, the closest trigger is at 1.13.
📅 USDT.D Analysis
Moving on to Tether dominance, this index has finally confirmed a breakout above 5.08 and even pulled back to retest this level.
💥 However, as seen from the candles above this area, there is no strong momentum in either direction. The price has no clear upward or downward acceleration.
🌿 A strong bullish confirmation for USDT.D would be a powerful green candle closing above this zone.
🔽 A bearish confirmation would be a drop back below 5.08, which would serve as the first sign of weakness in Tether dominance.
❌ 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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🤵 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.
💥 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.