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Let's dive into the analysis of Bitcoin and the key crypto indices. Today, I want to review the important futures triggers for the New York session. Yesterday, the market made an upward leg. Let’s analyze to see what triggers are suitable for today.
⏳ 1-Hour Timeframe
As observed in the 1-hour timeframe, following the activation of the trigger at 88258, the price moved upwards and broke through the 90513 area, and is currently pulling back to this area.
⚡️ An interesting point about the Fibonacci zones is that even now, as the price is projecting after correction, it is respecting the Fibonacci zones as resistance. As seen, breaking through each of these zones results in a short upward leg that can be traded in shorter timeframes.
✅ A negative aspect visible from yesterday till now is the divergence in volume, which is decreasing during upward legs and seems to increase during corrections, indicating a divergence.
📊 Given that the price has not yet reached the 94355 ceiling and is currently forming a lower peak relative to this area, breaking 90513 and 53.29 on the RSI could allow for a risky short position. Be cautious as this position isn't very secure due to the weak trend momentum, potentially preempting a trend change.
🔼 The primary short position can be entered upon the breach of 88258. This area is currently a significant support, and if the price consolidates below this area, it could move towards 83151.
🛒 For long positions, the only trigger we currently have is 94355, and I can't provide an earlier trigger because the price is very close to this area. Taking a long position before this area is breached might lead to a stop-out. However, if you're eager for a long position and a pullback to 90513 is confirmed, you might consider entering a very risky long position.
🔑 If you already have multiple open positions from previous triggers, you might consider securing profits or closing one. If you have a single position open, you need to decide whether to take the risk of Trump’s session and keep it open in hopes of a market pump or play it safe and close it beforehand.
👑 BTC.D Analysis
As observed, dominance continues to oscillate between 60.40 and 61.61, having been rejected from the 61.61 ceiling and returned to the box.
🎲 Given the current downward momentum of dominance, we can expect a continued decline to the bottom of the box, which could potentially propel altcoins upwards. However, if dominance successfully closes above 61.61, more capital will flow into Bitcoin, pushing it higher.
📅 Total2 Analysis
Yesterday, we saw an upward movement in Total2 after it solidified above the 1.13 area, allowing some altcoins to make an upward leap. We don’t have a specific trigger for long positions in Total2 today, but a crucial note about altcoins is that American-origin altcoins like HBAR, AAVE, XRP, ADA could pump significantly if Trump makes positive remarks about crypto, so keep an eye on these if they trigger.
🎲 For short positions, the only trigger in Total2 currently is the fake breaking of the 1.13 breach.
📅 USDT.D Analysis
USDT dominance found support at 4.82 and formed a green candle on this level. Given it had previously faked a break of this area, we might prematurely confirm its bullish turn.
🌿 If the 4.82 level is broken again, we can confirm the downward trend in dominance, which could cause the market to move upward. For a bullish confirmation, a higher low and high above 4.82 would confirm a bearish market direction.
❌ 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, I want to review the important futures triggers for the New York session. Yesterday, the market made an upward leg. Let’s analyze to see what triggers are suitable for today.
⏳ 1-Hour Timeframe
As observed in the 1-hour timeframe, following the activation of the trigger at 88258, the price moved upwards and broke through the 90513 area, and is currently pulling back to this area.
⚡️ An interesting point about the Fibonacci zones is that even now, as the price is projecting after correction, it is respecting the Fibonacci zones as resistance. As seen, breaking through each of these zones results in a short upward leg that can be traded in shorter timeframes.
✅ A negative aspect visible from yesterday till now is the divergence in volume, which is decreasing during upward legs and seems to increase during corrections, indicating a divergence.
📊 Given that the price has not yet reached the 94355 ceiling and is currently forming a lower peak relative to this area, breaking 90513 and 53.29 on the RSI could allow for a risky short position. Be cautious as this position isn't very secure due to the weak trend momentum, potentially preempting a trend change.
🔼 The primary short position can be entered upon the breach of 88258. This area is currently a significant support, and if the price consolidates below this area, it could move towards 83151.
🛒 For long positions, the only trigger we currently have is 94355, and I can't provide an earlier trigger because the price is very close to this area. Taking a long position before this area is breached might lead to a stop-out. However, if you're eager for a long position and a pullback to 90513 is confirmed, you might consider entering a very risky long position.
🔑 If you already have multiple open positions from previous triggers, you might consider securing profits or closing one. If you have a single position open, you need to decide whether to take the risk of Trump’s session and keep it open in hopes of a market pump or play it safe and close it beforehand.
👑 BTC.D Analysis
As observed, dominance continues to oscillate between 60.40 and 61.61, having been rejected from the 61.61 ceiling and returned to the box.
🎲 Given the current downward momentum of dominance, we can expect a continued decline to the bottom of the box, which could potentially propel altcoins upwards. However, if dominance successfully closes above 61.61, more capital will flow into Bitcoin, pushing it higher.
📅 Total2 Analysis
Yesterday, we saw an upward movement in Total2 after it solidified above the 1.13 area, allowing some altcoins to make an upward leap. We don’t have a specific trigger for long positions in Total2 today, but a crucial note about altcoins is that American-origin altcoins like HBAR, AAVE, XRP, ADA could pump significantly if Trump makes positive remarks about crypto, so keep an eye on these if they trigger.
🎲 For short positions, the only trigger in Total2 currently is the fake breaking of the 1.13 breach.
📅 USDT.D Analysis
USDT dominance found support at 4.82 and formed a green candle on this level. Given it had previously faked a break of this area, we might prematurely confirm its bullish turn.
🌿 If the 4.82 level is broken again, we can confirm the downward trend in dominance, which could cause the market to move upward. For a bullish confirmation, a higher low and high above 4.82 would confirm a bearish market direction.
❌ 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.