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Let’s move on to the analysis of Bitcoin and key crypto indices. As usual, in this analysis I want to review the futures session triggers for New York.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the price has a bullish structure that is still ongoing, and currently, one of the resistance levels at 85482 has been broken, and the probability of a bullish price move is high.
✔️ If you already have a position from the break of 85482, you have likely hit neither the target nor the stop-loss yet. The target for this position could be the 88502 zone.
✨ But if you don’t have an open position and are looking for a trigger, a price pullback to the 85482 zone with confirmation, or even a break of one of the short-term resistances in lower time frames, can be a suitable trigger for a short position.
📉 For a short position, if the price fakes the breakout of the 85482 resistance and moves downward, with confirmation in lower time frames and a break of the Fake Breakout trigger, we can enter a short position. The main short trigger is the break of the 83233 zone.
👑 BTC.D Analysis
Let’s take a look at Bitcoin dominance. As you can see, dominance has started another bullish leg and after breaking 63.61, it reached 63.80, and now with the break of 63.80, it's ready to carry out its main bullish move.
🔼 For now, we see the trend in dominance as bullish, so long positions on Bitcoin and short positions on altcoins are suitable.
📅 Total2 Analysis
Let’s take a look at the Total2 analysis. As I mentioned, since dominance is bullish, Bitcoin is moving more than altcoins. Right now, we can also see this in Total2, where momentum is less than Bitcoin and it has moved slightly away from its top, while Bitcoin has broken its high.
🔍 For a long position, the break of the 980 zone is still valid, and if it breaks, the price could move up to the 1.2 zone. For a short position, we have two triggers.
📉 The first trigger is the 956 zone, which is a good entry point but risky, and the chance of hitting stop-loss is high. The second trigger is the 947 zone, which is a more reliable trigger, but if it breaks, opening a position will be harder and we might not get a solid confirmation candle.
📅 USDT.D Analysis
Let’s move on to Tether dominance. You could say the entire market is waiting for Tether dominance to move, and even Bitcoin, despite breaking its resistance, hasn't moved yet because the 5.39 zone in dominance hasn't broken.
🎲 This zone is a very important one, and if it breaks, we could see a bearish leg down to the 5.24 zone, which would push the market upward. The bullish trigger for dominance for now is the break of 5.53.
❌ 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 move on to the analysis of Bitcoin and key crypto indices. As usual, in this analysis I want to review the futures session triggers for New York.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the price has a bullish structure that is still ongoing, and currently, one of the resistance levels at 85482 has been broken, and the probability of a bullish price move is high.
✔️ If you already have a position from the break of 85482, you have likely hit neither the target nor the stop-loss yet. The target for this position could be the 88502 zone.
✨ But if you don’t have an open position and are looking for a trigger, a price pullback to the 85482 zone with confirmation, or even a break of one of the short-term resistances in lower time frames, can be a suitable trigger for a short position.
📉 For a short position, if the price fakes the breakout of the 85482 resistance and moves downward, with confirmation in lower time frames and a break of the Fake Breakout trigger, we can enter a short position. The main short trigger is the break of the 83233 zone.
👑 BTC.D Analysis
Let’s take a look at Bitcoin dominance. As you can see, dominance has started another bullish leg and after breaking 63.61, it reached 63.80, and now with the break of 63.80, it's ready to carry out its main bullish move.
🔼 For now, we see the trend in dominance as bullish, so long positions on Bitcoin and short positions on altcoins are suitable.
📅 Total2 Analysis
Let’s take a look at the Total2 analysis. As I mentioned, since dominance is bullish, Bitcoin is moving more than altcoins. Right now, we can also see this in Total2, where momentum is less than Bitcoin and it has moved slightly away from its top, while Bitcoin has broken its high.
🔍 For a long position, the break of the 980 zone is still valid, and if it breaks, the price could move up to the 1.2 zone. For a short position, we have two triggers.
📉 The first trigger is the 956 zone, which is a good entry point but risky, and the chance of hitting stop-loss is high. The second trigger is the 947 zone, which is a more reliable trigger, but if it breaks, opening a position will be harder and we might not get a solid confirmation candle.
📅 USDT.D Analysis
Let’s move on to Tether dominance. You could say the entire market is waiting for Tether dominance to move, and even Bitcoin, despite breaking its resistance, hasn't moved yet because the 5.39 zone in dominance hasn't broken.
🎲 This zone is a very important one, and if it breaks, we could see a bearish leg down to the 5.24 zone, which would push the market upward. The bullish trigger for dominance for now is the break of 5.53.
❌ 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.