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Let's dive into the analysis of Bitcoin and key crypto indices. As usual, I will review the futures session triggers for the New York market.
⌛️ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the downtrend continues, and yesterday the price dropped below 82,302, now reaching 81,520.
📊 Selling volume has increased in the market, and the SMA 25 has been tracking the price movement effectively in this cycle. Currently, as the price pulls back to 82,302, it is also testing the SMA 25, placing it in a critical zone.
🔽 For a short position, considering this pullback to the SMA 25, you can enter a trade if 81,520 breaks. The next support level in case of a further decline is 80,105.
📈 For a long position, we still need to wait for a proper trend reversal structure to form. There is no valid trigger for a long entry at this moment.
👑 BTC.D Analysis
Now, let’s analyze Bitcoin dominance. Yesterday, the ascending trendline was broken, but the trigger at 62.06 was not activated, leading to a bullish move instead.
⚡️ Currently, 62.30 has broken, and if this breakout holds, dominance could rise to 62.66.
💥 However, if the 62.30 breakout turns out to be a fakeout, a break below 62.06 would confirm a bearish trend reversal.
📅 Total2 Analysis
Moving on to Total2, yesterday the 0.984 support broke, but it now appears to be a fakeout, as the price is stabilizing back above this level.
💫 For a short position, confirmation will come if the price closes below 0.984. If that happens, the next downside target would be 0.953.
🔼 For a long position, a break above 1.01 would confirm the trend reversal, given the fakeout at 0.984.
📅 USDT.D Analysis
Now, let’s analyze USDT dominance. A range has formed between 5.41 and 5.56, and dominance has rejected from 5.41, now moving downward again.
✔️ If 5.41 breaks, it would be the first confirmation of a trend change.
✨ For a bullish continuation, a break above 5.56 would confirm the next bullish leg.
❌ 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 key crypto indices. As usual, I will review the futures session triggers for the New York market.
⌛️ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the downtrend continues, and yesterday the price dropped below 82,302, now reaching 81,520.
📊 Selling volume has increased in the market, and the SMA 25 has been tracking the price movement effectively in this cycle. Currently, as the price pulls back to 82,302, it is also testing the SMA 25, placing it in a critical zone.
🔽 For a short position, considering this pullback to the SMA 25, you can enter a trade if 81,520 breaks. The next support level in case of a further decline is 80,105.
📈 For a long position, we still need to wait for a proper trend reversal structure to form. There is no valid trigger for a long entry at this moment.
👑 BTC.D Analysis
Now, let’s analyze Bitcoin dominance. Yesterday, the ascending trendline was broken, but the trigger at 62.06 was not activated, leading to a bullish move instead.
⚡️ Currently, 62.30 has broken, and if this breakout holds, dominance could rise to 62.66.
💥 However, if the 62.30 breakout turns out to be a fakeout, a break below 62.06 would confirm a bearish trend reversal.
📅 Total2 Analysis
Moving on to Total2, yesterday the 0.984 support broke, but it now appears to be a fakeout, as the price is stabilizing back above this level.
💫 For a short position, confirmation will come if the price closes below 0.984. If that happens, the next downside target would be 0.953.
🔼 For a long position, a break above 1.01 would confirm the trend reversal, given the fakeout at 0.984.
📅 USDT.D Analysis
Now, let’s analyze USDT dominance. A range has formed between 5.41 and 5.56, and dominance has rejected from 5.41, now moving downward again.
✔️ If 5.41 breaks, it would be the first confirmation of a trend change.
✨ For a bullish continuation, a break above 5.56 would confirm the next bullish leg.
❌ 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.