TradeCityPro | Bitcoin Daily Analysis #129

👋 Welcome to TradeCity Pro!
Let’s take a look at the Bitcoin analysis and key crypto indices. As usual, in this analysis, I’ll review the futures triggers for the New York session.

⏳ 1-hour timeframe
Yesterday, Bitcoin faced a sharp drop after being rejected from the 122733 top and fell down to the 116829 level.

⚡️ Currently, the price has reached an important support area that I’ve marked for you, and at the same time, the RSI has entered the Oversold zone.

✅ Considering the main trend of the market is bullish, this RSI entry into Oversold could be a very good entry point for a long position, as it may indicate the end of the correction.

✨ If the price holds above the 116829 zone, we can enter a long position, and it’s worth opening a position at this level. Further entries can be taken with breakouts of 118494 and 122733.



👑 BTC.D Analysis
Let’s go to Bitcoin dominance. It has continued its downward movement and after breaking 64.44, it’s now moving down toward 64.18.

📊 If this level breaks, we’ll get confirmation of the continuation toward 63.96. In that case, long positions on altcoins would be very suitable.



📅 Total2 Analysis
Total2 is also undergoing a correction like Bitcoin and has settled below the 1.3 level.

⭐ If the correction continues, the next level to watch is 1.26. For long positions, you can enter after breakouts of 1.3 and 1.33.



📅 USDT.D Analysis
Now to Tether Dominance. After bouncing from the 4.22 bottom, it has returned to the box between 4.36 and 4.44.

🔑 If 4.36 breaks, the next bearish leg could start. On the other hand, if 4.44 breaks, we’ll get the first signal of a trend reversal.