Univers Of Signals | Bitcoin Daily Analysis #14In this analysis, as usual, I aim to review the critical futures triggers for the New York session.
📰 Yesterday, news of the Bybit exchange hack emerged, and I will examine its impact on the charts and what it may mean for Bitcoin's future.
⏳ 2-Hour Timeframe
As observed, before the Bybit hack news, Bitcoin was trending upward and had breached the 98482 area. However, when the news broke, Bitcoin took a sharp downward turn, moving straight down to the box floor at 95108.
🔍 Bybit was reportedly hacked for $1.5 billion. Official statements assure that the exchange can fully reimburse its users, suggesting no substantial long-term financial impacts. The Bitcoin movement appears to be a reactionary drop due to the severe nature of the news and is not likely to have a lasting effect.
✨ However, it has shown that the 95108 area is extremely reliable and significant, potentially becoming a key level in the future. As you can see, I have retained the triangle that the price had been reacting to in recent weeks. If there is no reaction today, I will remove this triangle from tomorrow's chart as it appears that the price is more consistently within the box between 95108 and 98482, and the expanding triangle no longer seems relevant.
🔼 Currently, I cannot provide a firm long trigger for futures, and I have removed the 97816 trigger used previously. Such triggers are ineffective after being activated once, and we must wait for the price to establish a new structure.
⚡️ A risky long position could be taken on the breakout of 96516, which has been activated. If you observe a suitable candle with strong momentum during a pullback to this area, you may consider entering.
📉 For a short position, the very reliable trigger remains at 95108. If this area breaks, I will personally attempt to open a short position, as the strong reaction to yesterday's news demonstrated this support's significance.
📅 BTC.D Analysis
The situation hasn't changed much, and Bitcoin dominance continues to range as it has in previous days.
✅ Still, if the 61.04 level breaks, it confirms a bearish dominance, and a breakout of 61.49 would confirm bullish dominance.
📅 Total2 Analysis
For Total2, the trigger activated yesterday was a fake-out, but it caused the trigger to shift. Currently, there is a very promising long trigger for Total2 at 1.26, which the price has reacted to very well, suggesting it is a reliable area. For short positions, entering upon breaking 1.19 could be considered.
🧩 These positions are risky, and the main triggers are for breaking out of the box that lies between 1.16 and 1.28.
📅 USDT.D Analysis
USDT dominance reached the bottom of the box yesterday at 4.40 and showed a very strong reaction. Along with the Bybit hack news, it moved sharply upward to 4.62.
💫 Currently, dominance has been rejected from this area and returned to the middle of the box, indicating that the 4.40 and 4.62 levels are important for confirming positions. If either of these levels breaks, we can secure a long-term confirmation for the bullish or bearish direction of Bitcoin dominance.
❌ 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.
