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Let’s dive into the Bitcoin analysis and key crypto indexes. As usual, in this analysis I’ll go over the futures triggers for the New York session.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, Bitcoin is still below the 104866 resistance level and is ranging underneath this zone.
💥 Today, an important news update came from Trump: a deal has been made between China and the U.S., and the two countries have agreed to reduce tariffs for 90 days.
✔️ The impact of this news was that Bitcoin made a wick toward 106247 but didn’t reach it, pulled back, and is now again below the 104866 area.
✨ At the moment, the 104866 level is a suitable trigger for opening a position, but be aware that there’s a significant resistance zone at 106247. Personally, I won’t open a position just on the break of 104866 because it's very close to the ATH zone, and the probability of entering a corrective phase is high.
⚡️ If a correction begins, the first support level for price is at 102391. If the RSI stabilizes below 50, the likelihood of a correction increases.
🔽 As for short positions, we should wait until the market shows a trend reversal.
👑 BTC.D Analysis
Now let’s look at Bitcoin dominance. Yesterday, the dominance chart made a slight upward correction and is now breaking below the 62.65 low.
🧩 If the downward move in dominance continues, altcoins could make another leg upward. The next support for dominance is at 62.17.
📅 Total2 Analysis
Now for the Total2 analysis. The 1.24 area, which was our long trigger, is being broken—and if it confirms, the price could rise up to 1.31.
⭐ This confirmation, along with the drop in Bitcoin dominance, could give us good long setups on altcoins.
📅 USDT.D Analysis
Now to Tether dominance. This index hasn’t triggered yet and is currently sitting at the 4.51 support. If this index also confirms a bearish move, the risk of opening long positions will be much lower.
💫 The next support level for Tether dominance is at 4.37.
❌ 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 indexes. As usual, in this analysis I’ll go over the futures triggers for the New York session.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, Bitcoin is still below the 104866 resistance level and is ranging underneath this zone.
💥 Today, an important news update came from Trump: a deal has been made between China and the U.S., and the two countries have agreed to reduce tariffs for 90 days.
✔️ The impact of this news was that Bitcoin made a wick toward 106247 but didn’t reach it, pulled back, and is now again below the 104866 area.
✨ At the moment, the 104866 level is a suitable trigger for opening a position, but be aware that there’s a significant resistance zone at 106247. Personally, I won’t open a position just on the break of 104866 because it's very close to the ATH zone, and the probability of entering a corrective phase is high.
⚡️ If a correction begins, the first support level for price is at 102391. If the RSI stabilizes below 50, the likelihood of a correction increases.
🔽 As for short positions, we should wait until the market shows a trend reversal.
👑 BTC.D Analysis
Now let’s look at Bitcoin dominance. Yesterday, the dominance chart made a slight upward correction and is now breaking below the 62.65 low.
🧩 If the downward move in dominance continues, altcoins could make another leg upward. The next support for dominance is at 62.17.
📅 Total2 Analysis
Now for the Total2 analysis. The 1.24 area, which was our long trigger, is being broken—and if it confirms, the price could rise up to 1.31.
⭐ This confirmation, along with the drop in Bitcoin dominance, could give us good long setups on altcoins.
📅 USDT.D Analysis
Now to Tether dominance. This index hasn’t triggered yet and is currently sitting at the 4.51 support. If this index also confirms a bearish move, the risk of opening long positions will be much lower.
💫 The next support level for Tether dominance is at 4.37.
❌ 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.