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Let’s dive into the Bitcoin analysis and key crypto indexes. As usual, in this analysis, I’m going to review the triggers for the New York futures session.
⏳ 1-Hour timeframe
On the 1-hour timeframe, Bitcoin has once again dropped to the support area at 116829 and reacted to it. Currently, it is fluctuating above this level.
✨ If 119395 is broken, the price could move toward the highs at 120594 and 122733.
📈 So for a long position, we can enter on the breakout of 119395. Pay attention to Bitcoin dominance, because if it’s in a downtrend, Bitcoin setups might not be ideal, and altcoins may offer better opportunities.
✔️ If the price stabilizes below 117647, it will enter the box between 116829 and 117647, and this time the likelihood of breaking the 116829 bottom and heading toward lower supports for deeper corrections becomes very high.
👑 BTC.D Analysis
Now let’s look at Bitcoin Dominance. BTC.D is still falling and after breaking the 61.45 level, it has reached 60.46.
⭐ If this level breaks, the next bearish leg may begin. The trend is strongly bearish with no visible weakness, and we’ll have to see how long this continues.
📅 Total2 Analysis
Let’s move to Total2. This index has broken the 1.5 resistance and is moving toward 1.62.
💫 At the moment, I don’t have a trigger for it, and we need to wait until its structure gives us the next setup.
📅 USDT.D Analysis
Now let’s look at Tether Dominance. This index has stabilized below the 4.22 level and is now moving downward after a pullback to this area.
🧩 The next support is at 4.08, and the index has room to fall to that level. I still see the USDT Dominance trend as bearish for now.
