👋 Welcome to TradeCity Pro!
Let’s dive into the analysis of Bitcoin and key crypto indices. As usual, in this analysis, I’ll go over the triggers for the New York futures session.
⏳ 1-Hour Timeframe
Yesterday I mentioned the 102882 trigger for opening a position. The price made a bullish leg upward but failed to reach the 104866 resistance and is now moving back down.
🔍 If a lower high is formed compared to 104866 and the price approaches the 101628 support, we can open a position upon a breakdown of that level.
✨ The RSI oscillator is moving below the 50 zone, and with the selling volume coming into the market, the likelihood of forming a lower high than 104866 increases.
💥 Confirmation for a short position on the 101628 break could come from RSI entering the Oversold zone. Volume must also rise significantly, as the overall trend is still bullish, making short positions very risky. If you open one, make sure to secure profits quickly.
📈 For a long position, our trigger is still the 104866 breakout—no major change from previous days. The main resistance remains at 106247.
👑 BTC.D Analysis
Bitcoin dominance continued its upward movement to 63.30 yesterday and is now moving downward again. A breakdown of 62.65 would confirm the continuation of the downtrend in dominance.
🔼 For BTC.D to turn bullish again, it needs to break above 63.30 and could start another bullish leg if that happens.
📅 Total2 Analysis
This index didn’t move much higher yesterday due to the rise in Bitcoin dominance. It failed to reach its previous highs and is now near the 1.19 support.
📊 We can define a key support zone between 1.18 and 1.19. A breakdown of this zone could signal the start of a deeper correction.
📅 USDT.D Analysis
A range has formed between 4.51 and 4.69, and this index is consolidating within it.
🔑 A breakout in either direction could give us a trade setup. Breaking above 4.69 confirms a bullish move, while breaking below 4.51 signals a bearish trend and potential market rally.
❌ 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, in this analysis, I’ll go over the triggers for the New York futures session.
⏳ 1-Hour Timeframe
Yesterday I mentioned the 102882 trigger for opening a position. The price made a bullish leg upward but failed to reach the 104866 resistance and is now moving back down.
🔍 If a lower high is formed compared to 104866 and the price approaches the 101628 support, we can open a position upon a breakdown of that level.
✨ The RSI oscillator is moving below the 50 zone, and with the selling volume coming into the market, the likelihood of forming a lower high than 104866 increases.
💥 Confirmation for a short position on the 101628 break could come from RSI entering the Oversold zone. Volume must also rise significantly, as the overall trend is still bullish, making short positions very risky. If you open one, make sure to secure profits quickly.
📈 For a long position, our trigger is still the 104866 breakout—no major change from previous days. The main resistance remains at 106247.
👑 BTC.D Analysis
Bitcoin dominance continued its upward movement to 63.30 yesterday and is now moving downward again. A breakdown of 62.65 would confirm the continuation of the downtrend in dominance.
🔼 For BTC.D to turn bullish again, it needs to break above 63.30 and could start another bullish leg if that happens.
📅 Total2 Analysis
This index didn’t move much higher yesterday due to the rise in Bitcoin dominance. It failed to reach its previous highs and is now near the 1.19 support.
📊 We can define a key support zone between 1.18 and 1.19. A breakdown of this zone could signal the start of a deeper correction.
📅 USDT.D Analysis
A range has formed between 4.51 and 4.69, and this index is consolidating within it.
🔑 A breakout in either direction could give us a trade setup. Breaking above 4.69 confirms a bullish move, while breaking below 4.51 signals a bearish trend and potential market rally.
❌ 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!
🏆 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.
💥 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.