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Let's dive into the analysis of Bitcoin and key crypto indices. As usual, in this analysis, I will review the futures session triggers for the New York market.
⌛️ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, yesterday the 83,808 trigger was activated, and the price moved down to the next support at 82,302.
⚡️ The 19.70 level in the RSI is a crucial area, as the price has reacted to this level in the last two bearish legs, leading to slight corrections.
✔️ Today, it might be a bit late to open new positions, as the price is slightly oversold, suggesting that the move has already extended sufficiently.
🔽 This situation means we should enter positions with lower risk today. The short trigger for today is 82,302, and if this level breaks, the price could decline even further.
📈 For a long position, we need to wait for confirmation of a trend reversal. First, the SMA 25 must reach the price, and then a Dow Theory confirmation should establish a new bullish trend.
👑 BTC.D Analysis
Now, let’s analyze Bitcoin dominance. As you can see, this index increased yesterday as the market dropped. It briefly faked out above 62.14 before reversing downward again.
🎲 At the moment, 62.14 remains a key trigger for bullish dominance, while the main support level is 61.81.
📅 Total2 Analysis
Moving on to Total2, this index is in bad shape. It has broken its key support at 1.01 and is now moving toward 0.984.
💥 I can't provide any specific trigger for this chart today because it has dropped significantly without any corrections. For now, we need to wait for a new structure to form.
📅 USDT.D Analysis
Now, let’s look at USDT dominance. Yesterday, dominance finally stabilized above 5.34, which triggered a market drop.
🔍 Currently, USDT dominance has reached the next resistance at 5.48 and has shown a reaction to this level. To confirm further upside, we need a break above 5.48. If a correction starts and we see more red candles, the price could retrace back down to 5.34.
❌ 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 will review the futures session triggers for the New York market.
⌛️ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, yesterday the 83,808 trigger was activated, and the price moved down to the next support at 82,302.
⚡️ The 19.70 level in the RSI is a crucial area, as the price has reacted to this level in the last two bearish legs, leading to slight corrections.
✔️ Today, it might be a bit late to open new positions, as the price is slightly oversold, suggesting that the move has already extended sufficiently.
🔽 This situation means we should enter positions with lower risk today. The short trigger for today is 82,302, and if this level breaks, the price could decline even further.
📈 For a long position, we need to wait for confirmation of a trend reversal. First, the SMA 25 must reach the price, and then a Dow Theory confirmation should establish a new bullish trend.
👑 BTC.D Analysis
Now, let’s analyze Bitcoin dominance. As you can see, this index increased yesterday as the market dropped. It briefly faked out above 62.14 before reversing downward again.
🎲 At the moment, 62.14 remains a key trigger for bullish dominance, while the main support level is 61.81.
📅 Total2 Analysis
Moving on to Total2, this index is in bad shape. It has broken its key support at 1.01 and is now moving toward 0.984.
💥 I can't provide any specific trigger for this chart today because it has dropped significantly without any corrections. For now, we need to wait for a new structure to form.
📅 USDT.D Analysis
Now, let’s look at USDT dominance. Yesterday, dominance finally stabilized above 5.34, which triggered a market drop.
🔍 Currently, USDT dominance has reached the next resistance at 5.48 and has shown a reaction to this level. To confirm further upside, we need a break above 5.48. If a correction starts and we see more red candles, the price could retrace back down to 5.34.
❌ 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.