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Let’s get into the analysis of Bitcoin and major crypto indices. As usual in this analysis, I’m going to review the futures triggers for the New York session.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, price is still ranging inside the box, and none of its triggers were activated yesterday.
✔️ The support floor is at 117,342, and another key support zone is around 116,000.
✨ If these zones break, Bitcoin may begin a deep correction. In that case, we can open short positions or close long-term long positions that we’re already holding.
⭐ For long positions, we still have the 119,395 and 120,594 triggers. A breakout of either zone could provide a very good entry point for the next bullish leg of Bitcoin.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. Yesterday, dominance stabilized above the 61.20 zone, and as I mentioned before, breaking this zone led to a bullish leg, which continued up to 62.41, and currently, it has more bullish momentum.
💥 If 62.41 breaks, the bullish momentum will intensify. However, I still believe the overall trend is bearish, and if 60.46 breaks to the downside, the decline could continue.
📅 Total2 Analysis
Let’s go over Total2. This index has continued to correct and has now dropped to the 1.41 zone, which corresponds to the 0.5 Fibonacci level. It has now created a trigger around 1.47.
⚡️ If 1.47 breaks, we can open a long position. Our next trigger will be 1.53.
A breakout of 1.53 would signal the start of the next bullish wave.
📅 USDT.D Analysis
Now to Tether Dominance. This index has finally exited its range box and has broken the 4.25 level.
The current resistance stopping price is 4.36.
🔔 If dominance drops back below 4.25, strong bearish momentum could hit, increasing the likelihood of a breakdown of 4.13.
❌ 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 get into the analysis of Bitcoin and major crypto indices. As usual in this analysis, I’m going to review the futures triggers for the New York session.
⏳ 1-Hour Timeframe
On the 1-hour timeframe, price is still ranging inside the box, and none of its triggers were activated yesterday.
✔️ The support floor is at 117,342, and another key support zone is around 116,000.
✨ If these zones break, Bitcoin may begin a deep correction. In that case, we can open short positions or close long-term long positions that we’re already holding.
⭐ For long positions, we still have the 119,395 and 120,594 triggers. A breakout of either zone could provide a very good entry point for the next bullish leg of Bitcoin.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. Yesterday, dominance stabilized above the 61.20 zone, and as I mentioned before, breaking this zone led to a bullish leg, which continued up to 62.41, and currently, it has more bullish momentum.
💥 If 62.41 breaks, the bullish momentum will intensify. However, I still believe the overall trend is bearish, and if 60.46 breaks to the downside, the decline could continue.
📅 Total2 Analysis
Let’s go over Total2. This index has continued to correct and has now dropped to the 1.41 zone, which corresponds to the 0.5 Fibonacci level. It has now created a trigger around 1.47.
⚡️ If 1.47 breaks, we can open a long position. Our next trigger will be 1.53.
A breakout of 1.53 would signal the start of the next bullish wave.
📅 USDT.D Analysis
Now to Tether Dominance. This index has finally exited its range box and has broken the 4.25 level.
The current resistance stopping price is 4.36.
🔔 If dominance drops back below 4.25, strong bearish momentum could hit, increasing the likelihood of a breakdown of 4.13.
❌ 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: [email protected]
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]
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.