TradeCityPro | Bitcoin Daily Analysis #12

👋 Welcome to TradeCityPro!
In today's analysis, as usual, I want to review important futures triggers for the New York session. Today's analysis reaches you a bit earlier than usual because the price is at a very critical area, and I want you to have this analysis in case this area breaks.

⏳ 1-Hour Timeframe
As you can see in the 1-hour timeframe, after the fake break of 95108, a very strong bullish momentum entered the market, and as you can see, the volume and the number of green candles are much higher than the red ones, indicating the strength of the buyers.

🔍 The first trigger we had in this bullish wave was at 96446, which was activated two days ago and has given us very good profits so far. I mentioned yesterday's trigger to you as well; in case of breaking the expanding triangle and activating the trigger at 97816, you could open a risky long position, and the main trigger is 98482. Yesterday's trigger has also been activated and is still in profit, and today we have a very good trigger for long, which can help us open a position.

📈 Today's trigger for long is 98482, which can be a very suitable trigger, and if this area breaks, the first target is 99946 and the second target is 101819. I'm not removing the expanding triangle from the chart yet because if the price does a fake breakout of 98482, we can revert to the triangle structure. Therefore, I will keep the triangle on the chart until 98482 is broken.

📅 BTC.D Analysis
Let's go to the Bitcoin dominance. As you can see, the situation with dominance hasn't changed much compared to yesterday and is still fluctuating between the areas of 61.49 and 61.04.

📊 Breaking any of these areas could define the next leg of the price, and if 61.04 breaks, the price chart could move down to 60.48. On the other hand, if the area 61.49 is broken, the price could move up to 62 percent.



📅 Total2 Analysis
Moving on to the analysis of Total2. Total2 has not yet activated its appropriate long trigger while Bitcoin dominance has been ranging, but Total2 still hasn't activated its long trigger in the area of 1.24, and the position you open on altcoins can be confirmed if 1.24 breaks.



🔽 For short positions, you can enter a short position if 1.22 breaks and confirm it for altcoins. Keep an eye on Bitcoin dominance to decide which one between Bitcoin and altcoins is better for opening positions.

📅 USDT.D Analysis
Finally, the Tether dominance has reached a very important support area. This area was at 4.46 yesterday, but due to the reaction dominance had to this area and it slightly moved, it has now shifted this area to 4.45, and if this area breaks, you can enter a position where your first target will be 4.40.

🔑 On the other hand, if the dominance starts to move upwards, you can confirm a short position with a break of 4.52, which in this case, the price can move up to 4.62.



❌ 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.