TradeCityPro | Bitcoin Daily Analysis #60👋 Welcome to TradeCity Pro!
Let’s move on to the analysis of Bitcoin and key crypto indices. As usual, in this analysis I want to review the futures session triggers for New York.
🔍 Yesterday, both of the long triggers I gave were activated, and the price moved upward. Today is also an important day, and we can look for both long and short positions.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, our long triggers from yesterday — the 83899 and 84572 levels — were activated, and the price moved up to the 85552 zone.
✔️ If the position you opened had a small stop-loss, it likely already hit your target. But if you entered with a wider stop-loss, it probably hasn't reached the target yet, which is reasonable, as your position is longer-term.
⚡️ Now for today, as you can see, the price has broken its ascending trendline and it seems the trendline trigger is getting activated. If a candle closes below the 84382 level, the price is likely to move downward.
📊 The next support the price has is at 82813, and if this level breaks, we can say that the trend has changed and the price might head toward lower lows.
💥 The 50 level on the RSI is also significant, and if the break of 84382 coincides with a break below 50 on the RSI, strong bearish momentum could enter the market.
👑 BTC.D Analysis
Let’s look at Bitcoin Dominance. This index is in a range box between 63.23 and 63.80. There’s also a mid-range level at 63.51 — breaking it would give us temporary confirmation of a bullish move in dominance.
🔽 For bearish confirmation, breaking 63.23 would be suitable.
📅 Total2 Analysis
Now onto Total2: this index hasn't fully stabilized below its trendline yet and still shows slightly more bullish momentum compared to Bitcoin.
📉 For a short position, we have a 966 trigger, but it’s quite risky. Personally, I wouldn’t open my main position with this trigger — I’d wait for confirmation using Dow Theory with a lower high and lower low.
🔼 For a long position, the trigger is clear: we can enter if the 980 level breaks.
📅 USDT.D Analysis
Let’s check Tether Dominance. This index has made a bearish move and dropped to 5.39.
⭐ The next drop trigger is the same 5.39 level, which is a very good one. For a bullish scenario, we currently need to wait for a new structure to form.
❌ 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.
Bitcoin (Cryptocurrency)
Inversion Fair Value Gaps (IFVGs) - A Deep Dive Trading GuideIntroduction
Inversion Fair Value Gaps (IFVGs) are an advanced price action concept rooted in Smart Money theory. Unlike standard Fair Value Gaps (FVGs), IFVGs consider the idea of price revisiting inefficiencies from an inverse perspective. When price "respects" a previously violated gap from the opposite side, it creates a powerful confluence for entries or exits.
This guide will cover:
- What an IFVG is
- How it differs from traditional FVGs
- Market context for IFVG setups
- How to trade them effectively
- Real chart examples for clarity
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What is an IFVG?
An Inversion Fair Value Gap (IFVG) occurs when price trades through a traditional Fair Value Gap and later returns to that area, but instead of continuing in the original direction, it uses the gap as a support or resistance from the other side.
Standard FVG vs. IFVG:
- FVG: Price creates a gap (imbalance), and we expect a return to the gap for mitigation.
- IFVG: Price violates the FVG, but instead of invalidation, it respects it from the other side.
Example Logic: A bullish FVG is formed -> price trades through it -> later, price revisits the FVG from below and uses it as resistance.
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Structure and Market Context
Understanding structure is key when trading IFVGs. Price must break structure convincingly through a Fair Value Gap. The gap then acts as an inversion zone for future reactions.
Ideal Market Conditions for IFVGs:
1. Market is trending or has recently had a strong impulsive move.
2. A Fair Value Gap is created and violated with displacement .
3. Price retraces back to the FVG from the opposite side .
4. The gap holds as support/resistance, indicating smart money has respected the zone.
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Types of IFVGs
1. Bullish IFVG: Price trades up through a bearish FVG and later uses it as support.
2. Bearish IFVG: Price trades down through a bullish FVG and later uses it as resistance.
Note: The best IFVGs are often aligned with Order Blocks, liquidity levels, or SMT divergences.
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How to Trade IFVGs
1. Identify a clear Fair Value Gap in a trending market.
2. Wait for price to break through the FVG with momentum .
3. Mark the original FVG zone on your chart.
4. Monitor for price to revisit the zone from the other side.
5. Look for reaction + market structure shift on lower timeframes.
6. Enter trade with a clear stop loss just beyond the IFVG.
Entry Confluences:
- SMT divergence
- Order Block inside or near the IFVG
- Breaker Blocks
- Time of day (e.g., NY open)
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Refined Entries & Risk Management
Once the IFVG is identified and price begins to react, refine entries using:
- Lower timeframe market structure shift
- Liquidity sweeps just before tapping the zone
- Candle closures showing rejection
Risk Management Tips:
- Set stop loss just beyond the IFVG opposite wick
- Use partials at 1:2 RR and scale out based on structure
- Don’t chase missed entries—wait for clean setups
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Common Mistakes to Avoid
- Confusing IFVG with invalidated FVGs
- Trading them in low volume or choppy conditions
- Ignoring market context or structure shifts
- Blindly entering on first touch without confirmation
Tip: Let price prove the level—wait for reaction, not prediction.
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Final Thoughts
IFVGs are an advanced but powerful tool when used with precision. They highlight how Smart Money uses inefficiencies in both directions, and when combined with other concepts, they can form sniper-like entries.
Practice finding IFVGs on historical charts. Combine them with SMT divergences, OBs, and market structure, and soon you’ll start seeing the market through Smart Money eyes.
Happy Trading!
What now BTC?This fibonacchi spiral i drew on #bitcoin chart based on nikkei crash, says many things. Look, how this fib. spiral played out perfectly on #btcusd .Spiral revels the confirmation of grand correction of summer 2024, the top of the elections rally in Jan 2025 and price declinations to present. Now, #btc price is about to decide the the path. An incoming trend reversal or correction continuation to 66K?
Well.. There are some positive and negative facts on market. To think positive, 74K may be the tariff capitulation played in, markets eager to normalize, gold top may be in etc. A bullish divergence has formed in lower time frame CRYPTOCAP:BTC chart.
So, BTC must crush 91K with permanent daily and weekly closes. Losing 73K will deepen the correction.
Not financial advice.
BTC – Restabilization after this massive drop?Market Context:
BTC has broken below a key support level, indicating potential for continued downside. Price is currently retracing after a sharp sell-off, but the overall structure remains bearish unless significant levels are reclaimed.
Technical Overview:
- The previous support zone has been broken, turning it into potential resistance.
- Price is now entering a lower Fair Value Gap (FVG), which could serve as a reaction zone.
- A larger FVG higher up, aligning with the 0.618–0.65 Fibonacci retracement zone, presents a more significant area to watch for a possible reversal.
Scenario:
Price may retrace into the lower FVG and continue pushing up toward the premium FVG zone. This area coincides with the 0.618–0.65 Fib levels, where a shift in momentum or bearish confirmation could trigger a move lower.
Key Points:
- A potential rejection could occur from the premium FVG zone.
- If an Inverse Fair Value Gap (IFVG) forms in that area, it would support a short setup.
- Alternatively, if price prints a lower low before reaching the upper FVG, that would also open up short opportunities.
- Patience is key—wait for structure to align or a momentum shift before considering entries.
Outlook:
The bias remains bearish unless the structure is reclaimed decisively. Current price action suggests the retracement is corrective, and the next impulse may resume the downtrend once premium levels are met.
Bitcoin in a Descending ChannelHello guys!
BTC is currently trading within a well-defined descending channel, showing consistent lower highs and lower lows since mid-March.
Descending Channel: The upper and lower boundaries have acted as reliable resistance and support zones.
Double Bottom Pattern: Price action recently formed a double bottom near the $75,000 zone (marked "HUNT2"), which is typically a bullish reversal signal.
Breakout Target: The neckline breakout from the double bottom targets the $85,000–86,000 zone, which aligns with the upper boundary of the channel — a confluence resistance.
Fakeouts (HUNT1 & HUNT2): These "hunt" zones likely represent liquidity grabs or stop-loss sweeps, indicating strong institutional manipulation before major moves.
______________________
🔮 What's Next?
🎯 Bullish Scenario: After touching the lower level of the neckline, it goes to touch the top line of the channel and touches the target of the pattern.
.
⚠️ Bearish Scenario: Rejection from the $85K zone could send BTC back down toward FWB:73K –$ 74 K. Further downside could bring the $69K–$70K zone into focus.
TradeCityPro | ARB: Key Levels in DeFi Coin’s Descending Channel👋 Welcome to TradeCity Pro!
In this analysis, I want to review the ARB coin for you. It's one of the DeFi coins, currently ranked 54 on CoinMarketCap with a market cap of $1.41 billion.
⏳ 4-Hour Time Frame
In the 4-hour time frame, as you can see, we're witnessing a downtrend within a descending channel, and the price is moving downward.
✔️ There is a very important support at the 0.2501 level, which is the main support, and the price has already reacted to it once, bounced from the bottom of the channel, and is now positioned above the channel’s midline.
🔽 If the price fails to reach the top of the channel and gets rejected from lower levels such as the 0.3172 resistance, the probability of the channel breaking to the downside increases, and more bearish momentum may enter. When the price gets rejected before reaching the channel top, it indicates weakening buyer strength.
✨ So, if the price gets rejected from the 0.3172 resistance, we can open a suitable position. The lower the rejection, the higher the probability of a drop. A rejection from the channel top or even a fake breakout can also act as a valid trigger.
📉 The main trigger for a short position is the break of the 0.2501 level, which is a very strong support, and its break can lead to a significant bearish leg.
⚡️ For a long position, the first trigger is the break of 0.3172, which is a good area but very risky, because just above it lies the channel ceiling, and the price might get rejected from there and move downward.
🔼 Therefore, it's better to wait for the channel to be broken first and then look for a long trigger. Currently, the most reliable trigger for a long position after a channel breakout is at 0.4018, but this level is quite far. So, for a long position, we can also enter on a pullback to the channel or after getting confirmation from Dow Theory.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ZEC ANALYSIS🔮 #ZEC Analysis
🌟🚀 #ZEC is trading in an Ascending Triangle Pattern and here we can see that #ZEC testing the ascending trendline. Also there is an instant major support zone. We can see a pullback from its major support zone.
🔖 Current Price: $32
⏳ Target Price: $40
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#ZEC #Cryptocurrency #Breakout #DYOR
BTC - has she bottomed? Welp, this is the 1st structural signs of life I have seen in BTC in a long time. There is almost zero chance she can go make a new low any time soon. At worst she goes sideways. At best she works through this blue down channel, and takes a solid rally. Either way. Shorts should be closing. And long positions should be opened. Breaks over $85K become Uber bullish. But we are also right now Uber bullish short term.
BITCOIN SENTIMENTPrice recently broke structure to the upside but is now showing signs of a pullback. I’m expecting a drop toward the support zone, which is highlighted with the white marker. This area aligns with a volume cluster and previous structure, making it a strong candidate for a bullish reaction.
Higher timeframe sentiment remains bullish, so I’ll be watching this level for a potential bounce and continuation to the upside. If this zone fails, deeper support levels come into play.
BITCOIN 2025 - A MODERATE SCENARIOBitcoin’s price trajectory hinges on critical technical levels. Should Bitcoin fall below the key support zones—referred to here as the 'red lines' and t he bold black line —it risks entering a bear market, potentially signaling the end of the current bull cycle. These levels are pivotal for sustaining the parabolic bull market’s final leg. Following an initial decline from current levels, Bitcoin is projected to drop to approximately $70K, where it may consolidate for a couple of months. For the best-case scenario to unfold, Bitcoin must hold above the critical $70-77K threshold and execute a sharp V-shaped recovery. From there, a robust rally could propel it beyond $100K around August, culminating in the cycle’s peak in September at its highest point. While this outcome appears unlikely in the short term, it remains the most favorable projection, contingent on Bitcoin maintaining strength above the $70K line. Failure to do so could prematurely terminate the bull cycle.
Bitcoin looking to break higherIntraday Update: Bitcoin over the weekend is challenging the descending channel trend line and above the channel is the 38% retracement at 87848. This level is being tested as headlines over the weekend suggest that tariffs will not be applied to phones, computer and chips. This should allow for risk assets like Bitcoin to continue to rise higher over the weekend.
Bitcoin update 10.04.2025 - BTC - 98k in May🔥 The Markets Are on Fire — and We Know Who Lit the Match.
The last few weeks have been pure chaos.
Markets are crashing, confidence is shaking, and crypto is confused.
And let’s not pretend we don’t know who’s behind it.
Donald Trump.
Even a Korean guy selling panda souvenirs on the street told me:
“This Trump is ruining everything.”
And he’s not wrong.
Billions wiped. Positions wrecked.
But here’s the thing — this isn’t random. This is tactical drama.
Trump sees himself as a master negotiator, and here’s how he plays the game:
🎭 The Trump Cycle (Get Ready for the Loop)
Pressure — tariffs, chaos, media hysteria. We’ve seen it.
Relaxation — 90-day delays, fake calm.
Talks — and boom, “positive developments.”
Good News —
• “Bitcoin added to U.S. reserves.” in MAY?
• “Americans to receive new stimulus.”
• “China’s our friend again!”
Charm & Flirt Mode — improving global relations, smiling at cameras.
More good news — stock markets fly, crypto rips and everyone screams, “New bull run!”
And then?
💥 Back to pressure.
📆 September 2025 is the punchline.
That's when this cycle hits the weaker economies like a freight train:
✅ Broken supply chains
✅ Collapsing currencies
✅ Defaults
✅ And where there’s chaos — there’s war. Expect escalation in fragile regions like the Middle East.
✅ Crude oil falling to 40$
Markets will top on pure euphoria.
The reversal begins when everyone’s drunk on hopium and “good news”.
💼 My Plan? Ruthlessly Simple:
🔹 May I will participate in the first Offline/Online International Crypto Trading Cup 2025 by WhiteBIT
🔹Jun-August -Euphoria in the market
🔹 September - Take profits
🔹 Either short — or sip something cold on a quiet beach. But we will see
We’ve officially entered the Turbulence Zone.
The following 10 years will be insane — for those who adapt, evolve, ride the trends, and harness AI and tech.
If not?
You get left behind.
It’s not the strongest who survive — it’s the fastest to adapt.
Best regards, EXCAVO
Bitcoin’s 80-Day Correction Ending!?(Signs)Today, I want to share with you a mid-term analysis of Bitcoin( BINANCE:BTCUSDT ), I hope it will be useful for you.
Please stay with me.
Bitcoin started to fall last week due to the tariffs that Donald Trump imposed on countries around the world. In general, since last week, Bitcoin has become more correlated with US stock market indices (such as FOREXCOM:SPX500 ) than before.
But yesterday, Donald Trump postponed the implementation of tariffs for 90 days , except for China , which caused the US stock market indices to grow rapidly, and Bitcoin did not miss out on this growth. So, for the next 90 days , we should wait for news of bilateral tariffs between China and the US , which is likely to make an agreement between the two countries. What do you think!?
Also, just minutes ago, key U.S. inflation data was released — and it came in softer than expected.
The CPI m/m dropped to -0.1%, and Core CPI m/m slowed to 0.1% , both missing forecasts. This drop in inflation significantly reduces immediate pressure on the Fed to maintain a hawkish stance . With inflation cooling off, the market is now pricing in a more dovish Fed , which has historically been a bullish catalyst for Bitcoin .
Also, in the last 24 hours , another positive news came for Bitcoin: " China and Russia are using Bitcoin to settle energy trades ," which could be effective in increasing the price of Bitcoin .
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Now, based on the above explanation, let's focus on analyzing the Bitcoin chart on the 12-hour time frame .
Bitcoin started to rise quickly after touching the Heavy Support zone($73,780-$59,000) , Potential Reversal Zone(PRZ) , and 50_SMA(Weekly) . It seems that the Important Uptrend line breakout has NOT been successfully completed. One sign of a return could be the formation of a Morningstar Candlestick Pattern , which has also been accompanied by good volume .
Bitcoin has been moving in a descending channel for the past 80 days since its All-Time High(ATH=$109,588) , so a break of the upper line of this descending channel could be a significant sign of a rebound for Bitcoin .
Bitcoin is trying to break the Resistance zone($84,000-$81,130) . The price that is important for Bitcoin right now is $84,000 ; if Bitcoin can close a candle on the 4-hour time frame above the Resistance zone($84,000-$81,130) and $84,000 , we can hope for a breakout of the descending channel.
In terms of the Elliott Wave theory , Bitcoin appears to have been in a Double Three Correction(WXY) for the past 80 days. A break of the descending channel could reconfirm the end of this correction.
I expect Bitcoin to fill the CME Gap($85,940-$85,240) after breaking the Resistance zone($84,000-$81,130) in the first step and make the first attack on 50_SMA(Daily) . If the descending channel breaks, the second target could be around $88,000 , where there is an important Cumulative Short Liquidation Leverage($89,319-$88,375) .
Also, if Bitcoin moves in a range between $90,000 and $85,000 , we can expect an Altseason , given the conditions of BTC.D% ( CRYPTOCAP:BTC.D ). What do you think?
Note: If Bitcoin falls below $77,200, we should expect further declines.
Note: If Bitcoin can break the Heavy Resistance zone($95,000-$88,500), we should expect a new All-Time High(ATH).
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 12-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XRP, Bloodbath is ComingBINANCE:XRPUSDT / 1D
Hello Traders, welcome back to another market breakdown.
BINANCE:XRPUSDT is showing strong bearish momentum after BINANCE:BTCUSD and BINANCE:ETHUSD broken bellow resistance. However, the price is oversold for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the high of the range zone for a more strategic entry.
If the pullback holds and sell off confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
Bitcoin (BTCUSDT) – Technical and Fundamental Analysis 1DBTC has formed a falling wedge pattern on the daily chart, indicating a possible bullish breakout. A clean break above the 0.618 Fibonacci level at $86,485 may trigger an impulsive move to the upside. Price is bouncing from wave (4) and challenging the descending trendline. RSI is recovering, suggesting renewed buying momentum, and MACD shows signs of a bullish reversal.
Fundamental Factors
Bitcoin remains supported by strong institutional demand and optimism around crypto ETFs. Expectations of lower interest rates and macroeconomic uncertainty continue to drive interest in BTC as a hedge. Meanwhile, on-chain data reflects accumulation, with exchange outflows increasing in recent sessions.
Scenarios:
Main scenario – breakout above 0.618 targeting $96,595 and $109,474, with a potential extension toward $125,842.
Alternative scenario – pullback toward $79,384. If this level fails to hold, further correction to $72,283 and $63,497 is possible. The $79K level remains a key support for bulls.
Bitcoin 5X Lev. Full PREMIUM Trade-Numbers (PP: 710%)Bitcoin is presenting us with a very clear and strong bullish bias. The action is happening within a very tight falling wedge pattern. All market conditions are bullish, technical and fundamentals. Everything is pointing up starting several days ago. 7-April Bitcoin produced its 2025 market bottom low. From this date on, we will see growth until late 2025 or maybe until early 2026 or beyond.
This is a high probability trade setup. The market produced many shakeouts already and the majority of weak hands have been removed. All the people around now, all remaining participants, are solid players with diamond hands. These people, you, have a plan and know how to play the long-term game.
For people like us, the market is making this opportunity available.
Make the best of it. Aim high.
Full trade-numbers below:
_____
LONG BTCUSDT
Leverage: 5X
Entry levels:
1) $85,000
2) $82,000
3) $78,000
Targets:
1) $95,000
2) $104,250
3) $120,000
4) $131,400
5) $143,300
11) $165,000
12) $181,000
13) $203,000
Stop-loss:
Close monthly below $74,000
Potential profits: 710%
Capital allocation: 5%
_____
Strategy: Buy and hold. If prices drop, buy some more. The market will take care of the rest.
Just make sure to keep your position active, do not allow to be liquidated. That's the only important point. Bitcoin will soon grow.
Patience is key.
Use low risk.
Success is yours.
Namaste.
TradeCityPro | Bitcoin Daily Analysis #59👋 Welcome to TradeCity Pro!
Let’s move on to the analysis of Bitcoin and key crypto indices. In this analysis, as usual, I’ll review the futures session triggers for New York.
🔄 Yesterday, one of the long triggers was activated, and the price moved up to the 83899 zone. Let’s see what triggers we can identify from today’s price action.
⏳ 1-Hour Time Frame
In the 1-hour time frame, as you can see, the price broke through the 83349 level yesterday and moved up to 83899. However, the candles weren’t strong enough to break this zone, and the price reached the resistance range between 83899 and 84572, then got rejected.
✨ An ascending trendline that started from the 74760 low has been accompanying the price, and each time the price has touched this trendline, the following bullish leg has been shorter, indicating a gradual weakening in bullish momentum.
✔️ Currently, the price is near the trendline, and if bearish momentum enters the market and selling volume increases, breaking the trendline trigger can give us a short position.
💫 The current trendline trigger is at 83813, and if it breaks, the price could open positions down to 80595 or even 78778.
💥 As mentioned, there is a resistance zone above the current price, which seems quite strong. The first trigger to break this resistance is 83899, and the second is 84572. The first trigger is riskier and more likely to hit the stop-loss. The second trigger, being higher, might not give a good candle setup, making it harder to enter a position, but it’s more reliable.
📊 If buying volume increases, a bullish move toward 88502 is likely. If selling volume increases, the likelihood of the trendline breaking also rises.
🔑 The RSI oscillator is also oscillating in the upper half. Entering the overbought zone could be a signal for long positions, while a break below 50 would be suitable for shorts.
👑 BTC.D Analysis
Let’s take a look at Bitcoin Dominance. Yesterday, BTC.D had a bullish move up to 63.80 but got rejected from that area and has now returned to the range between 63.30 and 63.50.
⭐ Today, a bearish confirmation for BTC.D comes with a break below 63.30, while a bullish continuation is confirmed with a break above 63.50.
📅 Total2 Analysis
Moving on to Total2: today this index continued its bullish movement and even broke the 957 trigger. If this move continues up to 989, altcoins could experience significant growth—especially considering the weakening momentum in BTC Dominance.
🧲 Today, there is no long trigger for Total2, but if this move turns out to be a fakeout, the 934 zone will be a good trigger for a short position.
📅 USDT.D Analysis
Now for Tether Dominance: its short trigger has been activated. The next support level is at 5.41, and if this zone breaks, we could see a sharp downward move.
⚡️ For a bullish reversal in dominance, the first trigger is the 5.59 area, and if dominance stabilizes above this level, we can consider opening short positions on Bitcoin and altcoins.
❌ 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.
HelenP. I After strong impulse up, BTC can start to declineHi folks today I'm prepared for you Bitcoin analytics. BTC has recently shown a strong recovery after reaching the support zone between 77000 and 76200 points. This area had already acted as a base twice in the past, and the price once again reacted from it with a sharp bullish impulse. The rise brought Bitcoin back into the resistance zone between 83500 and 84300 points - a level that has proven significant in the past. At the same time, BTC approached the descending trend line that forms the upper boundary of the wedge pattern visible on the chart. The reaction from this confluence zone was immediate. The price got rejected right at the intersection of the trend line and resistance zone, forming a clear rejection candle and showing weakness from buyers. This area is now holding Bitcoin down once again and proving itself as a strong supply zone. At the moment, BTC is trading below the trend line and under pressure from resistance. Given the recent price action, multiple rejections from the same zone, and position relative to the wedge, I expect Bitcoin to decline again toward 78000 points - my current goal. If you like my analytics you may support me with your like/comment ❤️
TradeCityPro | STX: Watching for a Breakout in Bitcoin’s L2 Star👋 Welcome to TradeCity Pro!
In this analysis, I want to review the STX coin for you. This coin is one of Bitcoin’s layer-2 projects and, with a market cap of $933 million, ranks 67th on CoinMarketCap.
📅 Daily Time Frame
In the daily time frame, as you can see, this coin has been in a downtrend. Its most recent upward move began after breaking 1.332, and then it dropped within an expanding triangle structure down to the 0.533 area.
🔍 Currently, the main price support is at 0.453, which the price hasn't reached yet, but the 0.533 area is also strong and could mark the end of the downtrend.
✨ If the price bounces from the 0.533 area and starts moving upward, the likelihood of the triangle breaking to the upside increases. Since the price hasn’t reached the triangle’s bottom and could form a higher low, bullish momentum may enter.
📊 Market volume during the last bearish leg was decreasing, and now with supportive candles forming, volume is increasing—which, if it continues, also increases the likelihood of the triangle breaking.
🛒 If this happens, the buy trigger in spot is at 0.731, which, besides being suitable for a spot entry, can also provide a good futures position in lower time frames.
✔️ The RSI oscillator is also near the 50 level, and if it breaks above that and moves up, the price can head toward higher targets.
📉 On the other hand, for short positions, the 0.533 support is very important, and breaking it could justify opening a short. But note that this area is very close to 0.453, so if you're opening a short, be aware it's very risky and the price could reverse at any moment.
❌ If you already hold this coin and are looking for a good stop-loss level, a break and confirmation below 0.453 is appropriate. However, keep in mind that if your stop-loss is triggered and the price moves back above the support area, you should find a new trigger and buy again so you don’t miss the move.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BITCOIN BEARS ARE STRONG HERE|SHORT
BITCOIN SIGNAL
Trade Direction: short
Entry Level: 83,826.61
Target Level: 79,330.33
Stop Loss: 86,817.52
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅