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Let’s dive into the latest analysis of Bitcoin and major crypto indicators. As usual, this update will focus on potential triggers for the New York futures session.
⌛️ 1-Hour Timeframe
On the 1-hour chart, Bitcoin is once again ranging between the 107,853 and 108,619 levels.
✔️ Last night, Bitcoin briefly faked out below the bottom of this range, so we now need to wait and see how the price reacts upon revisiting this area.
💫 I believe it’s best to hold off on entering a short position until we identify the precise location of the support line. As price retests this area, we can pinpoint the true support level.
✨ Once that level is confirmed, and if it breaks, a short position could be considered. The next support zones would be at 106,586 and 105,370.
📊 Make sure to watch the volume closely for this trade, and I strongly recommend waiting for a volume confirmation before entering.
📈 As for a long position, if 108,619 breaks to the upside, we could consider going long. The buying volume in the current upward leg is increasing, and if this trend continues, a breakout above 108,619 would make a long position reasonable.
👑 BTC.D Analysis
Moving on to Bitcoin dominance — it has once again reached its trendline and is currently being rejected from it. If this rejection continues, BTC.D could decline toward 65.04.
🔍 However, if the trendline breaks, the 65.31 level will be the bullish confirmation trigger.
📅 Total2 Analysis
Now on to the Total2 index (altcoin market cap excluding BTC), it has bounced from the 1.14 support and is moving toward 1.16.
🔑 A breakout above 1.16 would serve as a bullish confirmation for long positions, with 1.17 acting as the main breakout trigger.
📅 USDT.D Analysis
USDT dominance is also moving downward and has reached the 4.78 support zone.
💥 A breakdown below this level would confirm a bearish continuation toward the 4.72 level..
❌ 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 latest analysis of Bitcoin and major crypto indicators. As usual, this update will focus on potential triggers for the New York futures session.
⌛️ 1-Hour Timeframe
On the 1-hour chart, Bitcoin is once again ranging between the 107,853 and 108,619 levels.
✔️ Last night, Bitcoin briefly faked out below the bottom of this range, so we now need to wait and see how the price reacts upon revisiting this area.
💫 I believe it’s best to hold off on entering a short position until we identify the precise location of the support line. As price retests this area, we can pinpoint the true support level.
✨ Once that level is confirmed, and if it breaks, a short position could be considered. The next support zones would be at 106,586 and 105,370.
📊 Make sure to watch the volume closely for this trade, and I strongly recommend waiting for a volume confirmation before entering.
📈 As for a long position, if 108,619 breaks to the upside, we could consider going long. The buying volume in the current upward leg is increasing, and if this trend continues, a breakout above 108,619 would make a long position reasonable.
👑 BTC.D Analysis
Moving on to Bitcoin dominance — it has once again reached its trendline and is currently being rejected from it. If this rejection continues, BTC.D could decline toward 65.04.
🔍 However, if the trendline breaks, the 65.31 level will be the bullish confirmation trigger.
📅 Total2 Analysis
Now on to the Total2 index (altcoin market cap excluding BTC), it has bounced from the 1.14 support and is moving toward 1.16.
🔑 A breakout above 1.16 would serve as a bullish confirmation for long positions, with 1.17 acting as the main breakout trigger.
📅 USDT.D Analysis
USDT dominance is also moving downward and has reached the 4.78 support zone.
💥 A breakdown below this level would confirm a bearish continuation toward the 4.72 level..
❌ 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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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.