TradeCityPro | Bitcoin Daily Analysis #29

👋 Welcome to TradeCityPro!
Let's dive into the Bitcoin analysis and the key crypto indicators. In this analysis, as usual on Mondays, I will also review last week's weekly candle for you and examine the long-term scenarios.

📅 Weekly Timeframe
In the weekly timeframe, as you can see, the candle that closed yesterday is a completely bearish candle that registered without a shadow and a large body, and the price has again reached the 0.382 Fibonacci area.

✨ Since this candle was within the previous candle and did not show more volatility, we can say that the market will range in the upcoming candles because the volatility range of the chart has decreased. Therefore, the likelihood that the next candle will be a range is very high.

💫 However, if the market wants to fluctuate, the 0.5 and 0.618 Fibonacci areas, which overlap with the 75000 and 71000 areas, can act as supports in case of a decline. For a market upturn, the significant areas are 90000 and 104000.

📊 The market volume has also been bearish in the last two candles and in favor of the sellers, but an important point is in the RSI. The area at 44.20 is a very important support that has started the next upward leg each time the RSI has reached this area during this uptrend.

✅ Breaking this area in the RSI would mean the loss of market upward momentum and we would receive the first sign of a trend change.



📅 Daily Timeframe
In the daily timeframe, after breaking 92354 and the price pulling back to this area, the price has moved downward and has again reached the support range between the 0.5 and 0.618 Fibonacci.

🔽 If this range is lost, the price will move towards further support areas like 72753.

🎲 Market volume has also increased last week, which is because the price has finally exited the box between 92354 and 106283, and more volume has entered the market.

☘️ If the price is supported by the Fibonacci range and moves upwards, the main trigger for confirming a trend change will be 92354.

⭐️ The current main resistance area in Bitcoin is at 106283, and breaking this area could potentially lead to further movements and the recording of new ATHs.



⏳ 4-Hour Timeframe
In the 4-hour timeframe, as you can see, after breaking the trend line, the trigger was activated, and the price moved downward yesterday.

📉 I told you yesterday that the price could drop to the 83151 area. As you can see, this has happened, and the price has even fallen more than 83151 and now seems to be pulling back to this area.



Let's move to the one-hour timeframe to check today's triggers.

⏳ 1-Hour Timeframe
In the one-hour timeframe, as you see, after breaking 85552, the price made a downward move and dropped to around the 80000 area.

🔽 Currently, the price has moved towards the 83151 area and, after a fake break, has returned below this area.

🧩 If the price reacts to the 83550 area again, I will move the 83151 line, but if this break is a fake, a downward momentum could enter the market, and in this case, with the break of 81288, we can open a short position.

👀 The current main support that the price has is at 78940, and breaking this area would also register another corrective leg.

👑 BTC.D Analysis
Let's move to the analysis of BTC.D. As you see, yesterday dominance faked above its range box and after breaking 61.61 moved downward again, and now it can move downward with more momentum.

💥 The main trigger for the dominance to turn bearish is at 61.08; the next support in this case will be 60.40. For the dominance to turn bullish, our trigger remains the break of 61.61.



📅 Total2 Analysis
Let's move to the analysis of Total2. As you observe, after the support at 1.07 was broken yesterday, Total2 made another downward leg and reached its main support at 1.01. As you see, Total2 is at a lower level than Bitcoin because yesterday, as the market fell, Bitcoin dominance increased, causing altcoins to drop more than Bitcoin.

🧲 The trigger for opening a short position today is the break of 1.01, and for now, we have no trigger for a long position and must wait until the price creates a suitable structure for a long.



📅 USDT.D Analysis
Moving on to the analysis of Tether dominance, as you see, after breaking 5.14, we witnessed an upward leg that continued up to the ceiling of 5.50, and currently, a box has formed between 5.30 and 5.50.

🔑 If the 5.50 area is broken, we will see an upside expansion, and dominance might move towards higher targets. However, if dominance again falls below 5.30, it will move



❌ 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.