Bitcoin / TetherUS
Long

TradeCityPro | Bitcoin Daily Analysis #110

5 990
👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and major crypto indexes. In this review, as usual, I’ll cover the key futures triggers for the New York session.

⏳ 1-Hour Timeframe
As you can see in the 1-hour timeframe, Bitcoin formed a higher low yesterday and has now reached the 105087 resistance. It seems likely that this level will be broken soon.

✨ Currently, a candle has closed above 105087, but price hasn’t yet confirmed a breakout, and the move hasn’t taken off.

📈 For a long position, we can enter once the price confirms a breakout above this level. If 105087 breaks, price could target 106586. The main long position will be opened upon breaking 106586.

🛒 Strong buying volume is a very good trigger for this setup. RSI entering the Overbought zone would also provide a powerful momentum confirmation, and price could rise accordingly.

💥 If the current upward move fails and price falls below the recent low, we can open a short position upon breaking 103899, targeting 101750.

⚡️ The 53.49 level on RSI is critical — its break would serve as a strong confirmation for the short position.

snapshot

👑 BTC.D Analysis
Looking at Bitcoin Dominance, yesterday it once again moved toward 64.67, but failed to break it and is now heading downward after being rejected from that resistance.

🔑 The trigger for bullish continuation remains 64.67, while 64.49 serves as the trigger for a bearish move.

snapshot

📅 Total2 Analysis
This index formed a higher low at 1.13 yesterday and is now testing the 1.15 resistance. If this level breaks, the price could head toward 1.17 and 1.18.

📊 A break above 1.15 would be a valid long trigger. However, if price is rejected and moves downward, breaking 1.13 could send it back toward 1.1.

snapshot

📅 USDT.D Analysis
USDT Dominance closed below the 4.79 level yesterday and is now moving toward 4.70. If this continues, the crypto market could see bullish momentum.

🧩 However, if dominance moves back above 4.9, the next bullish leg in USDT.D could begin.

❌ 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.

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.