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Let’s move on to the analysis of Bitcoin and major crypto indices. In this analysis, as usual, I’m going to review the futures triggers for the New York session.
⏳ 1-Hour Timeframe
Yesterday, Bitcoin broke the 119,395 level but couldn’t hold above it and has now returned below this level, currently sitting on its previous trendline.
✔️ Today, the market will probably try to form more structure, and I think Bitcoin will range.
⭐ However, if it wants to move, we can enter a long position with the trigger at 120,594.
🔽 For a short position, we can enter if the 116,000 support area breaks.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. Yesterday, dominance had a bullish move, and finally, a support floor managed to prevent further drop in dominance.
🧩 A retracement to 61.20 has occurred. If this retracement continues, the upper levels are 61.53 and 62.
A break of 60.46 will start the next bearish leg.
📅 Total2 Analysis
Let’s go to Total2. This index has formed a range box between 1.48 and 1.55 and is still oscillating within it.
🎲 If 1.55 breaks, we can open a long position, and on the other hand, if 1.48 breaks, the price could correct to lower support levels.
📅 USDT.D Analysis
Let’s move on to Tether Dominance. This index also has a range box and is still moving inside it.
🔑 Breaking 4.13 is very important for the future market trend and could lead to a drop in dominance.
Let’s move on to the analysis of Bitcoin and major crypto indices. In this analysis, as usual, I’m going to review the futures triggers for the New York session.
⏳ 1-Hour Timeframe
Yesterday, Bitcoin broke the 119,395 level but couldn’t hold above it and has now returned below this level, currently sitting on its previous trendline.
✔️ Today, the market will probably try to form more structure, and I think Bitcoin will range.
⭐ However, if it wants to move, we can enter a long position with the trigger at 120,594.
🔽 For a short position, we can enter if the 116,000 support area breaks.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. Yesterday, dominance had a bullish move, and finally, a support floor managed to prevent further drop in dominance.
🧩 A retracement to 61.20 has occurred. If this retracement continues, the upper levels are 61.53 and 62.
A break of 60.46 will start the next bearish leg.
📅 Total2 Analysis
Let’s go to Total2. This index has formed a range box between 1.48 and 1.55 and is still oscillating within it.
🎲 If 1.55 breaks, we can open a long position, and on the other hand, if 1.48 breaks, the price could correct to lower support levels.
📅 USDT.D Analysis
Let’s move on to Tether Dominance. This index also has a range box and is still moving inside it.
🔑 Breaking 4.13 is very important for the future market trend and could lead to a drop in dominance.
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🏆 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.