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Let’s get into the analysis of Bitcoin and major crypto indices. As usual, I’ll review the triggers for the New York Futures session.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, Bitcoin moved sideways yesterday as I mentioned, and after the RSI exited the Overbuy zone, it corrected down to the 102391 area.
🔍 This was a very minor correction, mainly due to the RSI leaving the Overbuy zone. Currently, the oscillator has reset, and if it re-enters Overbuy, we can confirm the start of bullish momentum.
✨ Now the candle has closed above the 103642 area, and if the price stabilizes above this level, it could move toward the main resistance at 106247.
📊 In my opinion, the price will move toward 106247 and then enter a correction because the breakout of 103642 was accompanied by increased volume, and if this volume continues, the probability of this move increases.
📉 If the correction starts from the current level, the first support we have is 102391, and after that, there is no solid support until 99337.
🧩 The reason I’m not using Fibonacci to find support zones is that the price hasn’t confirmed the start of a correction yet, and a proper top hasn’t been formed. I’m waiting for that top and confirmation of the correction before identifying key correction levels.
✔️ For now, only these two support levels are important, and as long as the price is above 99337, the trend remains bullish.
📈 For opening a position today, the Bitcoin trigger at 103642 has been activated and is currently getting a pullback. If you get confirmation from this pullback, you can enter a position — but be careful, there's a very important resistance at 106247 and that zone is highly significant.
👑 BTC.D Analysis
Let’s move to Bitcoin dominance. Yesterday, dominance had a slight correction and pause, and today it broke the 63.61 area and is moving toward the 63.23 support.
⚡️ It seems there’s strong bearish momentum in dominance, and if it continues to drop, I believe it could easily break 63.23 and move further down.
📅 Total2 Analysis
Let’s check out Total2. Yesterday, the 1.17 trigger for this index also activated, and you could open positions on altcoins.
💥 The next resistance we currently have is the 1.22 area, and considering the drop in Bitcoin dominance, this index can easily move toward that resistance.
🔔 At the moment, I can’t give you any trigger on this index — you can only enter based on confirmation from individual coins.
📅 USDT.D Analysis
Now let’s look at Tether dominance. This index has also continued its move and after a short pause, broke below 4.65 and is moving downward.
🎲 For now, the trend in dominance is bearish, which pushes the market upward.
❌ 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 get into the analysis of Bitcoin and major crypto indices. As usual, I’ll review the triggers for the New York Futures session.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, Bitcoin moved sideways yesterday as I mentioned, and after the RSI exited the Overbuy zone, it corrected down to the 102391 area.
🔍 This was a very minor correction, mainly due to the RSI leaving the Overbuy zone. Currently, the oscillator has reset, and if it re-enters Overbuy, we can confirm the start of bullish momentum.
✨ Now the candle has closed above the 103642 area, and if the price stabilizes above this level, it could move toward the main resistance at 106247.
📊 In my opinion, the price will move toward 106247 and then enter a correction because the breakout of 103642 was accompanied by increased volume, and if this volume continues, the probability of this move increases.
📉 If the correction starts from the current level, the first support we have is 102391, and after that, there is no solid support until 99337.
🧩 The reason I’m not using Fibonacci to find support zones is that the price hasn’t confirmed the start of a correction yet, and a proper top hasn’t been formed. I’m waiting for that top and confirmation of the correction before identifying key correction levels.
✔️ For now, only these two support levels are important, and as long as the price is above 99337, the trend remains bullish.
📈 For opening a position today, the Bitcoin trigger at 103642 has been activated and is currently getting a pullback. If you get confirmation from this pullback, you can enter a position — but be careful, there's a very important resistance at 106247 and that zone is highly significant.
👑 BTC.D Analysis
Let’s move to Bitcoin dominance. Yesterday, dominance had a slight correction and pause, and today it broke the 63.61 area and is moving toward the 63.23 support.
⚡️ It seems there’s strong bearish momentum in dominance, and if it continues to drop, I believe it could easily break 63.23 and move further down.
📅 Total2 Analysis
Let’s check out Total2. Yesterday, the 1.17 trigger for this index also activated, and you could open positions on altcoins.
💥 The next resistance we currently have is the 1.22 area, and considering the drop in Bitcoin dominance, this index can easily move toward that resistance.
🔔 At the moment, I can’t give you any trigger on this index — you can only enter based on confirmation from individual coins.
📅 USDT.D Analysis
Now let’s look at Tether dominance. This index has also continued its move and after a short pause, broke below 4.65 and is moving downward.
🎲 For now, the trend in dominance is bearish, which pushes the market upward.
❌ 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.