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Let’s dive into the analysis of Bitcoin and major crypto indices. As usual, I’m going to review the New York futures session triggers for you in this analysis.
⌛️ 1-Hour Timeframe
Yesterday, the 85126 trigger was activated, but the price hasn’t started its move yet and is still ranging above this level. As I previously mentioned, this trigger is an early entry trigger, and the main trigger for a long position is the breakout of the 85550 level.
✔️ So if you haven’t opened a position on the early trigger, don’t worry, because the main trigger hasn’t been activated yet. If the price moves upward, you can still open a position on the breakout of this main trigger.
Therefore, our long position trigger for today is the 85550 level, and breaking this level could start a new bullish wave.
📊 Make sure to keep an eye on the volume. If the volume increases simultaneously with the price approaching 85550, it would be a positive sign for the bullish trend. Entry of RSI into the overbought zone is another confirmation that could bring bullish momentum.
🔽 For a short position, the main trigger is still the breakout of 83233. However, if you’re looking for an earlier entry, the breakout of 84363 is also suitable.
📚 Overall, be cautious today since it’s Saturday and most market participants are off, but considering that Bitcoin is near a key level, we might still see movement.
👑 BTC.D Analysis
Let’s move on to the Bitcoin dominance analysis. As you can see, dominance has undergone a corrective downward move and has reached the 63.76 level and found support there.
💫 If dominance holds at this support, the next key resistance overhead is 64.12, and breaking this level would initiate the next bullish leg for Bitcoin dominance.
💥 Breaking the 63.76 level would give a temporary confirmation of bearishness in dominance. The next support levels are 63.61 and 63.23.
📅 Total2 Analysis
Let’s move on to the Total2 analysis. Due to the bearish movement in Bitcoin dominance, this index has seen a bullish move and has broken the 954 level.
✨ If the price pulls back to this level and resumes upward movement, and if you already have an open position, you can hold it up to the 980 level. If you missed out, the next trigger would be the breakout of the previous high and confirmation through Dow Theory.
📉 The bearish confirmation for Total2 would be the breakdown of 954.
📅 USDT.D Analysis
Now let’s take a look at Tether dominance. Yesterday, the 5.48 level was broken, and the price is now heading toward the 5.39 support.
🧩 If the 5.39 level in Tether dominance is broken, I strongly recommend having an open position, because this is a very significant support level. Breaking it could start a new trend in the market.
❌ 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 major crypto indices. As usual, I’m going to review the New York futures session triggers for you in this analysis.
⌛️ 1-Hour Timeframe
Yesterday, the 85126 trigger was activated, but the price hasn’t started its move yet and is still ranging above this level. As I previously mentioned, this trigger is an early entry trigger, and the main trigger for a long position is the breakout of the 85550 level.
✔️ So if you haven’t opened a position on the early trigger, don’t worry, because the main trigger hasn’t been activated yet. If the price moves upward, you can still open a position on the breakout of this main trigger.
Therefore, our long position trigger for today is the 85550 level, and breaking this level could start a new bullish wave.
📊 Make sure to keep an eye on the volume. If the volume increases simultaneously with the price approaching 85550, it would be a positive sign for the bullish trend. Entry of RSI into the overbought zone is another confirmation that could bring bullish momentum.
🔽 For a short position, the main trigger is still the breakout of 83233. However, if you’re looking for an earlier entry, the breakout of 84363 is also suitable.
📚 Overall, be cautious today since it’s Saturday and most market participants are off, but considering that Bitcoin is near a key level, we might still see movement.
👑 BTC.D Analysis
Let’s move on to the Bitcoin dominance analysis. As you can see, dominance has undergone a corrective downward move and has reached the 63.76 level and found support there.
💫 If dominance holds at this support, the next key resistance overhead is 64.12, and breaking this level would initiate the next bullish leg for Bitcoin dominance.
💥 Breaking the 63.76 level would give a temporary confirmation of bearishness in dominance. The next support levels are 63.61 and 63.23.
📅 Total2 Analysis
Let’s move on to the Total2 analysis. Due to the bearish movement in Bitcoin dominance, this index has seen a bullish move and has broken the 954 level.
✨ If the price pulls back to this level and resumes upward movement, and if you already have an open position, you can hold it up to the 980 level. If you missed out, the next trigger would be the breakout of the previous high and confirmation through Dow Theory.
📉 The bearish confirmation for Total2 would be the breakdown of 954.
📅 USDT.D Analysis
Now let’s take a look at Tether dominance. Yesterday, the 5.48 level was broken, and the price is now heading toward the 5.39 support.
🧩 If the 5.39 level in Tether dominance is broken, I strongly recommend having an open position, because this is a very significant support level. Breaking it could start a new trend in the market.
❌ 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.
💥 Don’t Miss Out!
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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.