TradeCityPro | Bitcoin Daily Analysis #7
2025-02-16
Category: None

👋 Welcome to TradeCityPro! 
Today, we are going to review Bitcoin's futures triggers for the New York session. The market hasn't moved much since yesterday, but we have a risky trigger that might serve as a good opening for today's positions.

 ⏳ 1-Hour Timeframe 
As mentioned, we're observing a long-term range box that started in early February, and currently, Bitcoin is oscillating within an expanding triangle. Yesterday, the price reacted strongly to this triangle, validating it as a critical zone for setting positions.

🔍 Because of this, I've added a risky long trigger at 97,816, which could precede the 98,482 trigger. This is risky because if the price is rejected at 98,482 after breaking 97,816, your stop-loss is likely to be hit. Enter this position with the understanding that you are anticipating the 98,482 break. If this resistance isn't broken, your position might not yield profits.

🔽 For shorts, the 97,110 trigger mentioned yesterday hasn't activated yet. This trigger is still valid for shorts but remember, like the long position at 97,816, it's risky and targets the range box bottom, so manage your risks carefully. The main triggers remain at 98,482 for longs and 95,108 for shorts.

📊 Market volume has decreased significantly, suggesting a sharp price movement is impending. Stay alert and ready to act on the triggers as the market will likely make a decisive move soon.

 👑 BTC.D Analysis 
As forecasted, if Bitcoin dominance managed to stabilize above 60.71, we expected a further upward correction and deeper pullback, which has occurred. The price broke through this area, pulling back up to 60.95 and forming a significant ceiling.

🧩 If this area is breached, we can take an early sign of a rising Bitcoin dominance, but the main trigger remains at 61.10. The best trigger for a continued downtrend is still 60.48; breaking this could herald the next bearish leg in Bitcoin dominance.



 📅 Total2 Analysis 
As stated yesterday, breaking 1.24 would have been a cue for a risky short position, but the price has not consolidated below this level and has twice rebounded off this support.

✨ Thus, this level has become a more critical threshold for shorts. Should this area break, it could be a good time to enter a short position, particularly if Bitcoin dominance is also rising, suggesting a potential downturn for altcoins as well.

📈 The main long position remains with the breakout at 1.28, and there are no other significant long triggers in the chart. For risky shorts, levels 1.2 and 1.19 are suitable, with the primary short trigger still at 1.16.



 📅 USDT.D Analysis  
As mentioned yesterday, a breakout at 4.47 could lead to increased Tether dominance, but I've adjusted this trigger to 4.48 today due to unclear price action around the former level.

🔑 This remains a high-risk trigger, and the potential for it being displaced again is considerable. Be ready to adjust this line yourself if the price near this area shows significant reaction.

⚡️ Still, a definitive bullish signal for Tether dominance will only be confirmed above 4.62, while a decisive bearish turn would be confirmed by breaking below 4.40, which has become a significant support following substantial price reactions. If this level is breached, the target will be 4.24.



 ❌ 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.