TradeCityPro | Bitcoin Daily Analysis #94👋 Welcome to TradeCity Pro!
Let’s go over the Bitcoin analysis and major crypto indexes. As usual, I’ll cover the New York futures session triggers for you.
⏳ 1-Hour Timeframe
As you can see, yesterday the price was rejected from the 104204 level and formed a lower high compared to 104800. Currently, there's a strong chance the short trigger will activate, so let’s review those triggers.
🔽 For a short position, the area where the price is currently consolidating—102882—is a suitable trigger. If this level breaks, the price could drop to 101628.
📊 One note about this trigger: the zone between 102882 and 101628 is a major support range. Every time the price has entered it, it’s formed long wicks and exited with strong bullish candles.
✨ So, if we enter a position based on this trigger, the volatility of the candles increases the chance of getting stopped out. On the other hand, using a large stop loss isn’t ideal either, since these trades go against the main trend and work better with a tight stop to hit the target faster.
💥 The next trigger is the break of 101628, which seems more reasonable. Breaking this level confirms a deeper correction and opens the path toward levels like 99225.
✔️ For a long position, if the price prints a higher low above 101628, we can confirm a bullish bias with the break of 104204. A higher low indicates strong bullish momentum, allowing us to use a slightly riskier trigger.
⚡️ However, if the price falls to the bottom of the box and then returns to the top, the main long trigger becomes a breakout above 104800.
🔍 Today, most of the market volume is on the sell side, and red candles are getting solid volume, so a correction to the box bottom seems likely. Either way, we have to wait for the triggers to activate.
👑 BTC.D Analysis
Bitcoin Dominance continues its bullish move after breaking the descending trendline. Yesterday, it printed a higher low and broke 63.30, reaching 63.61, and is now consolidating below that level.
🔔 If this level is broken too, we’ll have the first confirmation of a trend reversal in dominance. Full confirmation will come after BTC.D holds above 63.95.
📅 Total2 Analysis
Let’s move to Total2. Yesterday, the 1.19 trigger activated, and the price dropped to 1.17. The reaction to 1.18 wasn’t strong or clean, so I’ve adjusted the support level to 1.17.
📉 Today, we can open a short position if 1.17 is broken. For a long, if the price moves above 1.19, we can go long on altcoins that trigger accordingly.
📅 USDT.D Analysis
Now looking at Tether Dominance. Yesterday, it reacted to 4.70 and is now forming a higher low, heading back toward that level.
☘️ I see strong bullish momentum on the chart, and I believe the probability of breaking 4.70 is high. If it breaks, USDT.D could move up to 4.82.
❌ 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.
