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Let’s go over Bitcoin analysis and the key crypto indexes. As usual, I’ll break down the futures triggers for the New York session.
⏳ 1-Hour Timeframe
On the one hour timeframe, as you can see, a trading range has formed between the levels of 108617 and 110256. This has happened after a strong upward move with significant buying volume, and now we’re in a market correction phase.
📊 Market volume is decreasing during this corrective phase, which shows the strength of the buyers and supports the ongoing uptrend. RSI has exited the Overbuy zone and is now cooling off, which indicates that the bullish momentum has weakened for now.
📈 For a long position, the 110256 trigger seems very suitable today. If the price forms a higher low above 108617 before breaking this level, the probability of breaking 110256 increases significantly.
💥 If this trigger is activated, it’s crucial that volume rises as well. That would confirm the strength of the trend and increase the chances of the uptrend continuing. The current target for this position is 111747.
🔽 In the correction scenario, if the price stabilizes below 108617, this scenario becomes more likely and a deeper correction could follow.
✨ Personally, I won’t open a short position unless we get confirmation of a trend reversal. But if you want to go short, a break below 108617 is not a bad option and could signal a downward move.
👑 BTC.D Analysis
Bitcoin dominance has continued its downward movement, stabilized below 64.12, and is now heading toward 63.93.
⭐ If the 63.93 low is broken, the bearish move in dominance will likely continue. If it pulls back, a break above 64.12 will confirm that retracement.
📅 Total2 Analysis
Let’s look at Total2. Yesterday, it broke through the 1.2 level and is now moving toward 1.24. A breakout above this level could start the next bullish leg.
🎲 If a correction occurs, the price may drop back to 1.2 or even 1.18.
📅 USDT.D Analysis
Now for Tether dominance. This index is still sitting at the 4.56 support and is currently being held there. If 4.56 breaks, the next bearish leg can form.
🔔 In case of a retracement, USDT dominance might rise to 4.64.
❌ 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 go over Bitcoin analysis and the key crypto indexes. As usual, I’ll break down the futures triggers for the New York session.
⏳ 1-Hour Timeframe
On the one hour timeframe, as you can see, a trading range has formed between the levels of 108617 and 110256. This has happened after a strong upward move with significant buying volume, and now we’re in a market correction phase.
📊 Market volume is decreasing during this corrective phase, which shows the strength of the buyers and supports the ongoing uptrend. RSI has exited the Overbuy zone and is now cooling off, which indicates that the bullish momentum has weakened for now.
📈 For a long position, the 110256 trigger seems very suitable today. If the price forms a higher low above 108617 before breaking this level, the probability of breaking 110256 increases significantly.
💥 If this trigger is activated, it’s crucial that volume rises as well. That would confirm the strength of the trend and increase the chances of the uptrend continuing. The current target for this position is 111747.
🔽 In the correction scenario, if the price stabilizes below 108617, this scenario becomes more likely and a deeper correction could follow.
✨ Personally, I won’t open a short position unless we get confirmation of a trend reversal. But if you want to go short, a break below 108617 is not a bad option and could signal a downward move.
👑 BTC.D Analysis
Bitcoin dominance has continued its downward movement, stabilized below 64.12, and is now heading toward 63.93.
⭐ If the 63.93 low is broken, the bearish move in dominance will likely continue. If it pulls back, a break above 64.12 will confirm that retracement.
📅 Total2 Analysis
Let’s look at Total2. Yesterday, it broke through the 1.2 level and is now moving toward 1.24. A breakout above this level could start the next bullish leg.
🎲 If a correction occurs, the price may drop back to 1.2 or even 1.18.
📅 USDT.D Analysis
Now for Tether dominance. This index is still sitting at the 4.56 support and is currently being held there. If 4.56 breaks, the next bearish leg can form.
🔔 In case of a retracement, USDT dominance might rise to 4.64.
❌ 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.