TradeCityPro | Bitcoin Daily Analysis #13

👋 Welcome to TradeCityPro!
Today's analysis will focus on crucial futures triggers for the New York session as usual. The recent news of the Bybit exchange hack will also be discussed to see its potential future impact on Bitcoin.

⏳ 1-Hour Timeframe
As you can see, before the news of the Bybit hack, Bitcoin was moving upward and had broken through the 98482 region. However, upon the news release, Bitcoin began a sharp downward move, reaching the floor of the box at the 95108 area.

🔍 Bybit was hacked for an amount of $1.5 billion, but it has been officially announced that the exchange can fully reimburse its users, indicating no long-term financial instability from the hack. The movement in Bitcoin seems to be a reactionary dip due to the sudden bad news, and I believe it won't have a lasting impact.

⚡️ However, what has become apparent is that the 95108 area is a very reliable and important region, which could become one of the key areas in the future. As you can see, I have maintained the triangle that the price had been reacting to over the past few weeks. If there is no reaction today, I will remove this triangle from the chart tomorrow since it appears that the price is more contained within the box between 95108 and 98482, and the expanding triangle is no longer visible.

✅ At this time, I cannot give a definite long trigger for futures as the 97816 trigger used previously has been removed. Such triggers lose their effectiveness after being activated once, and we need to wait for the price to form a new structure.

📈 A risky long position could be entered upon the breakout of 96516, which has already been activated. If you see a suitable candle with good momentum during a pullback to this area, you may consider entering.

🔽 For a short position, the very clear trigger remains at 95108. If this area breaks, I personally will attempt to open a short position as the strong reaction to yesterday's news demonstrated that this support could be very significant.

📅 BTC.D Analysis
The situation hasn't changed much, and Bitcoin dominance has been ranging as in the past few days.

💥 Still, if the 61.04 level breaks, it confirms a bearish dominance, and a breakout of 61.49 would confirm bullish dominance.



📅 Total2 Analysis
For Total2, the trigger activated yesterday was a fake-out, but it caused the trigger to shift. Currently, there is a very promising long trigger for Total2 at 1.26, which the price has reacted to very well, suggesting it is a reliable area. For short positions, entering upon breaking 1.19 could be considered.

✨ These positions are risky, and the main triggers are for breaking out of the box that lies between 1.16 and 1.28.



📅 USDT.D Analysis
USDT dominance reached the bottom of the box yesterday at 4.40 and showed a very strong reaction. Along with the Bybit hack news, it moved sharply upward to 4.62.

🧩 Currently, dominance has been rejected from this area and returned to the middle of the box, indicating that the 4.40 and 4.62 levels are important for confirming positions. If either of these levels breaks, we can secure a long-term confirmation for the bullish or bearish direction of Bitcoin dominance.



❌ 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.