👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and key crypto indices. As usual, in this analysis I will review the New York futures session triggers for you.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, Bitcoin has formed a range box between 116829 and 119395. Yesterday, after getting supported at 116829, it climbed back to the top at 119395.
📊 As you can see, buying volume has increased, which indicates strong buyer momentum.
📈 If 119395 is broken, the price could move toward higher targets like 120594 and 122733.
🧩 This 119395 area is also the breakout trigger of the descending triangle. The bottom at 116829 has supported the price multiple times, and now with the descending trendline being broken, price could aim for higher resistance levels.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. BTC Dominance has been supported at 60.46, which is why Bitcoin is moving upward, while altcoins are dropping.
🎲 The dominance trend is still clearly bearish, and if 60.46 breaks, the next downward leg may begin.
📅 Total2 Analysis
Let’s look at Total2. This index has also formed a range between 1.48 and 1.55, and it is currently sitting at the bottom of the box.
🔔 If we get confirmation of support at 1.48, we can consider entering a long position. The main long trigger would be the break of 1.55.
📅 USDT.D Analysis
This index has also formed a range box. The previous support level was 4.08, which has now shifted to 4.13.
💥 The top of the box is 4.25. Given the bearish momentum in dominance, the probability of 4.13 breaking is higher.
🎲 So keep a close eye on altcoins in the coming days, because a lot of capital is flowing into them and they could see significant pumps.
❌ 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 indices. As usual, in this analysis I will review the New York futures session triggers for you.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, Bitcoin has formed a range box between 116829 and 119395. Yesterday, after getting supported at 116829, it climbed back to the top at 119395.
📊 As you can see, buying volume has increased, which indicates strong buyer momentum.
📈 If 119395 is broken, the price could move toward higher targets like 120594 and 122733.
🧩 This 119395 area is also the breakout trigger of the descending triangle. The bottom at 116829 has supported the price multiple times, and now with the descending trendline being broken, price could aim for higher resistance levels.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. BTC Dominance has been supported at 60.46, which is why Bitcoin is moving upward, while altcoins are dropping.
🎲 The dominance trend is still clearly bearish, and if 60.46 breaks, the next downward leg may begin.
📅 Total2 Analysis
Let’s look at Total2. This index has also formed a range between 1.48 and 1.55, and it is currently sitting at the bottom of the box.
🔔 If we get confirmation of support at 1.48, we can consider entering a long position. The main long trigger would be the break of 1.55.
📅 USDT.D Analysis
This index has also formed a range box. The previous support level was 4.08, which has now shifted to 4.13.
💥 The top of the box is 4.25. Given the bearish momentum in dominance, the probability of 4.13 breaking is higher.
🎲 So keep a close eye on altcoins in the coming days, because a lot of capital is flowing into them and they could see significant pumps.
❌ 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: [email protected]
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: [email protected]
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: [email protected]
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: [email protected]
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.