👋 Welcome to TradeCity Pro!
Let’s move on to Bitcoin and major crypto index analysis. As usual, in this analysis, I want to review the triggers for the New York futures session for you.
🔄 Yesterday's Analysis
In yesterday's analysis, I told you that if the price stabilizes below 93626, I expect a correction down to 91945.
However, this didn’t happen and the price faked below this area and moved back up, and now its trigger has been activated.
Let’s move on to today’s analysis to see what triggers are suitable for today.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as I said, the price faked downwards and moved up again, activating the first trigger at 94421.
The 94421 trigger was a preliminary trigger for the breakout of 95306, so if you opened this position, I suggest you wait to see if the price breaks the 95306 resistance or not.
✔️ The main trigger for a long position is still the breakout of 95306, which can start the next bullish leg for Bitcoin.
If you plan to open a position upon the breakout of this area, pay attention to the volume, and if volume increases at the same time, I suggest you definitely have a position.
💥 In the RSI oscillator, as you can see, the divergence we had in the previous bullish leg has been activated, and we can see its effect in the market, and now a new structure is forming, getting close to the Overbuy area.
⚡️ If RSI enters Overbuy and the 95306 resistance is broken, we could see a sharp and fast move toward the 98828 resistance.
📉 For a short position and for Bitcoin’s trend to turn bearish, yesterday I told you we have a risky trigger at the break of 93626, but I personally wouldn’t open a position with this trigger because it’s risky and I prefer to wait for a confirmed trend change.
🔍 Currently, the trigger I have for a trend change in Bitcoin is the break of 91945 and forming a lower high and lower low below this level. Otherwise, we should wait to see if a new structure for a trend change forms in the coming days.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance analysis.
As you can see, Dominance has finally exited the range it had formed between 64.19 and 64.41, breaking 64.19 and moving downward.
🧩 If this decline continues, the next major support area for Dominance is 63.67, and Dominance could fall to this level.
If this happens simultaneously with Bitcoin’s rise, altcoins could experience a lot of sharp bullish moves.
📅 Total2 Analysis
Let’s move on to Total2 analysis.
As you can see, this index also faked the floor it had formed, and this fake breakout has brought bullish momentum into the market, and now it has managed to stabilize above 1.05.
⭐ The reason Bitcoin is still struggling with its resistance and hasn’t broken it yet is because Bitcoin Dominance is decreasing, causing Bitcoin to move upward slower than Total2.
📊 Currently, the next resistance for Total2 is the 1.07 area, and the probability of the price reaching this level is high.
If this bullish move gets faked, breaking 1.03 will be a good short trigger.
📅 USDT.D Analysis
Let’s move on to Tether Dominance analysis.
I believe the market is still waiting for Tether Dominance to move out of the range box formed between 4.99 and 5.14.
🚀 If the 4.99 level is broken, it can confirm that the market is turning bullish.
I think this trigger could start Bitcoin’s move toward a new ATH.
🎲 If 5.14 is broken instead, we can confirm the end of the bullish trend that the market has had in recent days.
❌ 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 Bitcoin and major crypto index analysis. As usual, in this analysis, I want to review the triggers for the New York futures session for you.
🔄 Yesterday's Analysis
In yesterday's analysis, I told you that if the price stabilizes below 93626, I expect a correction down to 91945.
However, this didn’t happen and the price faked below this area and moved back up, and now its trigger has been activated.
Let’s move on to today’s analysis to see what triggers are suitable for today.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as I said, the price faked downwards and moved up again, activating the first trigger at 94421.
The 94421 trigger was a preliminary trigger for the breakout of 95306, so if you opened this position, I suggest you wait to see if the price breaks the 95306 resistance or not.
✔️ The main trigger for a long position is still the breakout of 95306, which can start the next bullish leg for Bitcoin.
If you plan to open a position upon the breakout of this area, pay attention to the volume, and if volume increases at the same time, I suggest you definitely have a position.
💥 In the RSI oscillator, as you can see, the divergence we had in the previous bullish leg has been activated, and we can see its effect in the market, and now a new structure is forming, getting close to the Overbuy area.
⚡️ If RSI enters Overbuy and the 95306 resistance is broken, we could see a sharp and fast move toward the 98828 resistance.
📉 For a short position and for Bitcoin’s trend to turn bearish, yesterday I told you we have a risky trigger at the break of 93626, but I personally wouldn’t open a position with this trigger because it’s risky and I prefer to wait for a confirmed trend change.
🔍 Currently, the trigger I have for a trend change in Bitcoin is the break of 91945 and forming a lower high and lower low below this level. Otherwise, we should wait to see if a new structure for a trend change forms in the coming days.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance analysis.
As you can see, Dominance has finally exited the range it had formed between 64.19 and 64.41, breaking 64.19 and moving downward.
🧩 If this decline continues, the next major support area for Dominance is 63.67, and Dominance could fall to this level.
If this happens simultaneously with Bitcoin’s rise, altcoins could experience a lot of sharp bullish moves.
📅 Total2 Analysis
Let’s move on to Total2 analysis.
As you can see, this index also faked the floor it had formed, and this fake breakout has brought bullish momentum into the market, and now it has managed to stabilize above 1.05.
⭐ The reason Bitcoin is still struggling with its resistance and hasn’t broken it yet is because Bitcoin Dominance is decreasing, causing Bitcoin to move upward slower than Total2.
📊 Currently, the next resistance for Total2 is the 1.07 area, and the probability of the price reaching this level is high.
If this bullish move gets faked, breaking 1.03 will be a good short trigger.
📅 USDT.D Analysis
Let’s move on to Tether Dominance analysis.
I believe the market is still waiting for Tether Dominance to move out of the range box formed between 4.99 and 5.14.
🚀 If the 4.99 level is broken, it can confirm that the market is turning bullish.
I think this trigger could start Bitcoin’s move toward a new ATH.
🎲 If 5.14 is broken instead, we can confirm the end of the bullish trend that the market has had in recent days.
❌ 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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🤵 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.