Bitcoin / TetherUS
Long

TradeCityPro | Bitcoin Daily Analysis #98

633
👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin and major crypto indices analysis. As usual, I’ll walk you through the New York futures session triggers.

⏳ 1-Hour Timeframe
As you can see, the price has finally broken above the 106422 resistance, and after some pullbacks to that level, it continued its bullish move up to 111817. It is now consolidating just below this level.

💥 The RSI oscillator is clearly reflecting price movements. Each time it reaches the Overbought zone, it gets rejected, leading to a price correction. These RSI corrections typically reach the 50 level, which has been acting as a bottom signal.

📈 For today’s long position, if RSI can stabilize above Overbought and a higher low forms above the 50 line, you can enter on a breakout of 111817. This would be a momentum-based trigger.

✨ The reason I’m emphasizing RSI today is that all the primary price-based triggers we’ve talked about—like 106422, 104800, and even levels down near 85000—have already been activated. So, if you’re not already in a position, you’ll need to rely on momentum indicators.

🧩 Another momentum trigger is a pullback to the SMA25 followed by a confirmation candle. However, I still believe breaking above 111817 is the stronger signal.

📊 As for short positions, I think by now it’s clear why I’m not recommending any. My strategy focuses on trading with the trend, and that keeps me from opening unnecessary trades. Like in recent weeks, we’ll wait for a trend reversal before considering shorts.

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👑 BTC.D Analysis
Bitcoin dominance has been rising alongside price, hitting the 64.30 resistance. If Bitcoin consolidates or corrects slightly, BTC.D could break below 63.76, signaling a potential altcoin rally.

✔️ The 63.76 level is a key trigger—breaking it confirms continuation of BTC.D’s downtrend. On the flip side, a break above 64.30 would resume BTC.D’s long-term uptrend.

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📅 Total2 Analysis
Total2 has resumed its upward move, and after breaking 1.23, it’s heading toward 1.26.

🔼 If BTC.D starts dropping, breaking 1.26 will be a strong long trigger for altcoins.

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📅 USDT.D Analysis
Tether dominance has dropped sharply in sync with market gains. After losing the critical 4.51 support, it’s now heading toward 4.37.

⚡️ There’s still some space left before reaching that level. But if 4.37 breaks, it would be another strong long trigger for altcoins.

❌ 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.