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Let’s dive into the Bitcoin analysis and key crypto indices. As usual, in this analysis I’ll review the futures triggers for the New York session.
⚡️ Not much has changed since yesterday, so without reviewing the previous analysis, let’s get into today’s setup to see what positions we can open.
⏳ 1-Hour Timeframe
As you can see on the 1-hour timeframe, the price is still within its range box. Even though yesterday it tested the lower range once and we expected a breakout to the upside, that didn’t happen, and the price was rejected from the 95370 resistance and continued to range.
✔️ After the rejection from this level, volume began to decline, which is a good sign. The lower the volume gets, the sharper the breakout move from the box is likely to be.
💥 If 95370 is broken, I definitely recommend having an open position, as the risk of hitting the stop loss is worth the potential gain. The target in case of a breakout will be the 98828 resistance.
⭐ The SMA99 is also providing good support and is currently sitting below the candles, which adds to the positive bias for this scenario.
🎲 If the price gets rejected from the resistance again, we’ll likely see more range-bound action today. But due to the strong bullish momentum, I don’t think the price will lose its support levels, and it’s likely to test 95370 again.
💫 That said, if I observe structural changes and see support levels like 91945 breaking, I’ll also be ready to take short positions.
🔽 However, for shorting, I think we should wait for more structure to form. Once the price shows more reaction to the 93626–95370 range box, and if 93626 breaks, we can enter a short. But right now, I’d personally wait for a break of 91945 before going short.
👑 BTC.D Analysis
Moving on to Bitcoin dominance, the range box is still intact, and price is above the 64.22 level. If Bitcoin breaks the 95370 resistance and BTC.D continues to rise without breaking below 64.22, then Bitcoin will outperform altcoins. If 64.41 is broken, we can expect a sharp bullish move in Bitcoin.
📊 To enter positions on altcoins, the best confirmation remains the break of the 64.22 level on BTC.D.
📅 Total2 Analysis
As for Total2, the 1.05 resistance still hasn’t been broken. To confirm the beginning of a bullish move in altcoins, we need a breakout of this level. The first target of this move would be the 1.07 resistance.
📉 To turn bearish, the first trigger is at 1.03. We’ll need to wait for the price to test it, so we can determine the precise level and react accordingly in future retests and breakouts.
📅 USDT.D Analysis
USDT.D behaves slightly differently from Bitcoin and Total2. While Bitcoin and Total2 are both near resistance and poised for a breakout, USDT.D is still some distance from the 4.99 support.
☘️ The probability of this support break coinciding exactly with Bitcoin and altcoin triggers is low. However, I believe this is a more significant trigger than Total2’s.
❌ 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 Bitcoin analysis and key crypto indices. As usual, in this analysis I’ll review the futures triggers for the New York session.
⚡️ Not much has changed since yesterday, so without reviewing the previous analysis, let’s get into today’s setup to see what positions we can open.
⏳ 1-Hour Timeframe
As you can see on the 1-hour timeframe, the price is still within its range box. Even though yesterday it tested the lower range once and we expected a breakout to the upside, that didn’t happen, and the price was rejected from the 95370 resistance and continued to range.
✔️ After the rejection from this level, volume began to decline, which is a good sign. The lower the volume gets, the sharper the breakout move from the box is likely to be.
💥 If 95370 is broken, I definitely recommend having an open position, as the risk of hitting the stop loss is worth the potential gain. The target in case of a breakout will be the 98828 resistance.
⭐ The SMA99 is also providing good support and is currently sitting below the candles, which adds to the positive bias for this scenario.
🎲 If the price gets rejected from the resistance again, we’ll likely see more range-bound action today. But due to the strong bullish momentum, I don’t think the price will lose its support levels, and it’s likely to test 95370 again.
💫 That said, if I observe structural changes and see support levels like 91945 breaking, I’ll also be ready to take short positions.
🔽 However, for shorting, I think we should wait for more structure to form. Once the price shows more reaction to the 93626–95370 range box, and if 93626 breaks, we can enter a short. But right now, I’d personally wait for a break of 91945 before going short.
👑 BTC.D Analysis
Moving on to Bitcoin dominance, the range box is still intact, and price is above the 64.22 level. If Bitcoin breaks the 95370 resistance and BTC.D continues to rise without breaking below 64.22, then Bitcoin will outperform altcoins. If 64.41 is broken, we can expect a sharp bullish move in Bitcoin.
📊 To enter positions on altcoins, the best confirmation remains the break of the 64.22 level on BTC.D.
📅 Total2 Analysis
As for Total2, the 1.05 resistance still hasn’t been broken. To confirm the beginning of a bullish move in altcoins, we need a breakout of this level. The first target of this move would be the 1.07 resistance.
📉 To turn bearish, the first trigger is at 1.03. We’ll need to wait for the price to test it, so we can determine the precise level and react accordingly in future retests and breakouts.
📅 USDT.D Analysis
USDT.D behaves slightly differently from Bitcoin and Total2. While Bitcoin and Total2 are both near resistance and poised for a breakout, USDT.D is still some distance from the 4.99 support.
☘️ The probability of this support break coinciding exactly with Bitcoin and altcoin triggers is low. However, I believe this is a more significant trigger than Total2’s.
❌ 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.