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Let’s dive into the Bitcoin analysis and key crypto indicators. As usual, I’ll review the futures triggers for the New York session.
🔄 Yesterday’s Recap
In yesterday's analysis, I mentioned that the main triggers had already been activated, and it might be too late to enter a position. However, you could still enter trades using momentum triggers such as RSI and SMA.
⚡️ As we can see, the RSI oscillator, after exiting the Overbought zone, triggered a bearish divergence and has now dropped below level 50. This means the RSI trigger has not yet been activated, and the price didn't pull back to the SMAs either — instead, it broke below them and entered a short-term correction.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, we can see that the price was rejected from the key resistance at 94,283 and dropped to the 92,007 zone.
✔️ The SMA99 is getting closer to the price, and we might see a pullback to this level. If this happens and the price builds a structure after the pullback, it could offer a good long entry during the correction.
📈 The main long trigger remains the breakout above 94,283, which would signal the start of the next bullish leg.
✨ For a healthier trend structure, the price might undergo a deeper correction, increasing the chances of a pullback to the SMA99 scenario playing out.
📊 However, note that during the drop to 92,007, selling volume increased, which is not favorable for the bullish trend. So, if you're planning to enter a long during this correction, make sure selling volume is decreasing and buying volume is rising.
🔽 For short positions, as mentioned in previous analyses, we must wait for a confirmed trend reversal. Currently, there is no trigger indicating a downtrend, and we need to wait for a new structure.
👑 BTC.D Analysis
BTC dominance is still climbing and moving toward the 64.60 resistance level. If it stabilizes above this level, it could initiate the next bullish leg for BTC dominance.
💥 For a bearish BTC.D scenario, either rejection from 64.60 or a breakdown below 64.12 would be appropriate triggers.
📅 Total2 Analysis
Total2 is showing a deeper correction compared to BTC, aligning with the increasing BTC dominance. It has corrected down to the 0.382 Fibonacci level.
🔼 For long positions, a breakout above 1.04 is a good trigger — but be sure to watch BTC.D to decide whether to go long on Bitcoin or altcoins.
⭐ As for shorts, like other charts, we need to wait for a confirmed trend reversal before considering a short position.
📅 USDT.D Analysis
This chart is also correcting, and after finding support at 4.99, it is now retracing upward and sits near 5.13.
💫 For the downtrend in USDT.D to continue, a break below 4.99 is crucial. If it holds below that level, the overall crypto market can continue moving 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 dive into the Bitcoin analysis and key crypto indicators. As usual, I’ll review the futures triggers for the New York session.
🔄 Yesterday’s Recap
In yesterday's analysis, I mentioned that the main triggers had already been activated, and it might be too late to enter a position. However, you could still enter trades using momentum triggers such as RSI and SMA.
⚡️ As we can see, the RSI oscillator, after exiting the Overbought zone, triggered a bearish divergence and has now dropped below level 50. This means the RSI trigger has not yet been activated, and the price didn't pull back to the SMAs either — instead, it broke below them and entered a short-term correction.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, we can see that the price was rejected from the key resistance at 94,283 and dropped to the 92,007 zone.
✔️ The SMA99 is getting closer to the price, and we might see a pullback to this level. If this happens and the price builds a structure after the pullback, it could offer a good long entry during the correction.
📈 The main long trigger remains the breakout above 94,283, which would signal the start of the next bullish leg.
✨ For a healthier trend structure, the price might undergo a deeper correction, increasing the chances of a pullback to the SMA99 scenario playing out.
📊 However, note that during the drop to 92,007, selling volume increased, which is not favorable for the bullish trend. So, if you're planning to enter a long during this correction, make sure selling volume is decreasing and buying volume is rising.
🔽 For short positions, as mentioned in previous analyses, we must wait for a confirmed trend reversal. Currently, there is no trigger indicating a downtrend, and we need to wait for a new structure.
👑 BTC.D Analysis
BTC dominance is still climbing and moving toward the 64.60 resistance level. If it stabilizes above this level, it could initiate the next bullish leg for BTC dominance.
💥 For a bearish BTC.D scenario, either rejection from 64.60 or a breakdown below 64.12 would be appropriate triggers.
📅 Total2 Analysis
Total2 is showing a deeper correction compared to BTC, aligning with the increasing BTC dominance. It has corrected down to the 0.382 Fibonacci level.
🔼 For long positions, a breakout above 1.04 is a good trigger — but be sure to watch BTC.D to decide whether to go long on Bitcoin or altcoins.
⭐ As for shorts, like other charts, we need to wait for a confirmed trend reversal before considering a short position.
📅 USDT.D Analysis
This chart is also correcting, and after finding support at 4.99, it is now retracing upward and sits near 5.13.
💫 For the downtrend in USDT.D to continue, a break below 4.99 is crucial. If it holds below that level, the overall crypto market can continue moving 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!
🏆 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.
💥 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.