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TradeCityPro | Bitcoin Daily Analysis #61👋 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, one of our short position triggers was activated. Let’s get into the analysis to see how we can open a position today. ⏳ 1-Hour Time Frame In the 1-hour time frame, as you can see, the trigger we gave yesterday at the 84382 level was activated and the price moved down toward the 82813 area. Today, I’ve adjusted the position of these lines since the price has created a better structure and the placement of the levels can change accordingly. ✔️ Currently, the price has formed a box between 83233 and 85482 and continues its ranging structure. 📈 For a long position, we can act if 85482 breaks. If this level breaks, since the trendline has also been broken, this time the price can move upward with more momentum, and the first target of this position would be 85482. 📊 Market volume is currently ranging, and we can’t extract specific data from this tool. But if volume increases along with an upward price movement, it would be a very good signal for the continuation of the bullish trend. 🔽 If that doesn’t happen and the price moves downward, the 83233 trigger is a very good one, and a break of this area gives us confirmation of a trend reversal, and the price can move further down. 👑 BTC.D Analysis Let’s look at Bitcoin dominance. Dominance is still ranging and hasn’t moved much compared to yesterday. ⭐ A break of 63.61 would be suitable for a bullish move, and a break of 63.23 would be suitable for a bearish move. 📅 Total2 Analysis Let’s move on to the Total2 analysis. This index is acting very similarly to Bitcoin and is currently near its long trigger. 🔼 For a long position, a break of 980 is suitable, and for a short position, a break of 947 is appropriate. 📅 USDT.D Analysis Let’s check out Tether dominance. We’re still waiting for a break of 5.39, which is a very important level, and if it breaks, the price could have a long-term bearish move. 💫 For a bullish move in dominance, breaks of the 5.53 and 5.59 levels are also suitable. ❌ 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.
Long
by tradecitypro
15
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.
by tradecitypro
8
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! ❤️
by tradecitypro
4
Weekly Support is around 80000.Weekly Support is around 80000. However, 72500 - 73000 is its previous breakout level & probably a Best Buying Rage (if it touches) which is also a Confluence area of Trendline Support+Important Fib. level. Bullish Divergence on Shorter Time Frame + Weekly Support around 80000 (if Sustained) may push the Price up towards 87000 & then around 95000 - 96000. Ultimate Resistance is around 110000. Crossing this level may open new Highs Targeting around 136000. On Shorter Timeframe, 85000 - 86000 is the Immediate Resistance & Support is around 80000.
BINANCE:BTCUSD
by House-of-Technicals
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.
Long
by tradecitypro
8
TradeCityPro | Bitcoin Daily Analysis #58👋 Welcome to TradeCity Pro! Today, we'll delve into the analysis of Bitcoin and key crypto indices. As usual, I want to review the triggers for the New York futures session. 🔄 Yesterday, the price broke through the support zone between 80,595 and 81,522, retracing down to 78,778. Let's see what triggers the market could offer us today. ⌛️ 1-Hour Timeframe On the 1-hour timeframe, as you can see, after breaking the 78,778 level, the price quickly recovered and climbed back above the 81,522 zone. Currently, it is hovering near 83,349. 🔍 Today, for a long position, we can consider opening a trade upon breaking the 83,349 resistance. The next resistance level at 84,572 could act as the following trigger point. 🔽 For short positions, we need to wait for a new market structure to form and observe whether the 81,522 or 80,595 zones can serve as our triggers. ⭐️ The RSI oscillator is near the Overbought zone, and a breakout above 70 into Overbought territory would provide good confirmation for a long position. 📊 Market volume has been increasing since the bullish leg started from 78,778. If this volume growth continues, the probability of breaking through the 83,349 resistance will rise. 👑 BTC.D Analysis Now, let's move to Bitcoin Dominance (BTC.D). Yesterday, the 63.50 resistance was broken, and as Bitcoin's price climbed, its dominance also rose. This has caused altcoins to underperform compared to Bitcoin. 🔼 Currently, the next resistance for BTC.D is at 63.86. A break above this level would confirm the next bullish leg in Bitcoin Dominance. 📉 For a bearish move in dominance, the Futures triggers are at 63.50 and 63.30. However, for a confirmation in spot trading, we would need a break below 62.65. 📅 Total2 Analysis Moving on to the Total2 (altcoin market cap excluding Bitcoin), I've slightly adjusted the zones and updated the triggers for altcoins. ✨ As I mentioned in the Bitcoin Dominance analysis, altcoins have been lagging behind Bitcoin. Even though Bitcoin reached 83,349, Total2 failed to retest its previous highs and instead formed a lower high. ✔️ For long positions on altcoins, a break above 940 would be ideal. For short positions, you can look for confirmation if 903 is broken. 📅 USDT.D Analysis Finally, let's analyze USDT Dominance (USDT.D). Yesterday, it bounced from the 5.53 support level, climbing to 5.84 before starting a new downtrend, now approaching 5.53 again. ⚡️ To continue the bearish move, a break below 5.53 would be significant. Conversely, for a bullish move, the first trigger is at 5.84. ❌ 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.
Long
by tradecitypro
7
XAG/USD Climbs on FOMC WorriesSilver prices climbed above $31 per ounce on Thursday, extending gains for a second straight session as commodities rebounded following President Trump’s rollback of his reciprocal tariff policy. The new measure lowers tariffs on most trade partners to 10% for 90 days to support negotiations. However, China, a key silver consumer, still faces a steep 125% tariff, keeping geopolitical tensions elevated and sustaining safe-haven demand. Meanwhile, FOMC minutes revealed growing concerns about stagflation and the impact of Trump’s trade agenda on the Fed’s dual mandate of price stability and full employment. Resistance starts at 31.50; if breached, the next levels are 32.15 and 33.30. Support sits at 30.20, with 29.50 and 29.20 below if that level gives way.
FOREXCOM:XAGUSD
by ChartMage
Gold Surges, Hits Record Above $3,200Gold spiked to a new record above $3,200 per ounce on Friday, driven by safe-haven demand and a weakening dollar amid intensifying U.S.-China trade tensions. The U.S. hiked tariffs on China to 145%, while easing duties for other partners. At the same time, U.S. consumer prices unexpectedly fell in March, fueling bets on a Fed rate cut in June and a full percentage point cut by year-end. Despite this, inflation risks remain due to ongoing tariff pressure. Gold is set for its strongest weekly gain since November. Key resistance is at $3,250, followed by $3,300 and $3,350. Support stands at $3165, then $3135 and $3090.
EIGHTCAP:XAUUSD
by ChartMage
Pound Gains on Dollar Softening, GBP/USD at $1.30The pound extended gains to $1.30 for a third session, as the dollar softened following Trump’s 90-day tariff pause for most countries. However, the 145% hike on Chinese goods kept risks elevated. While volatility persists, traders now expect 66 bps of BoE rate cuts this year, down from 79 bps a day earlier. UK GDP is forecast to grow 0.1% in February, suggesting a slow recovery. If GBP/USD breaks above 1.3050, resistance levels are at 1.3100 and 1.3200. Support is at 1.2960, followed by 1.2900 and 1.2850.
by ChartMage
EU Tariff Relief Drives Euro Above $1.13The euro climbed above $1.13, its highest since September 2024, after the EU suspended new U.S. tariffs for 90 days to allow trade talks. This followed President Trump’s move to cut tariffs to 10% for non-retaliating countries while raising Chinese duties to 125%. While easing global slowdown fears, the mixed signals fueled uncertainty. Money markets adjusted ECB expectations, pricing the deposit rate at 1.8% by December, up from 1.65%, and lowered the probability of an April cut to 90%. Key resistance is at 1.1390, followed by 1.1425 and 1.1500. Support lies at 1.1260, then 1.1180, and 1.1100.
by ChartMage
Yen Gains on Recession FearsThe yen rose past 144 per dollar, a six-month high, as U.S. recession fears and a Treasury selloff boosted demand for safe-haven assets. Although Trump paused new tariffs for 90 days, total U.S. tariffs on China now stand at 145%, prompting retaliation with China imposing 84% tariffs on U.S. goods. The U.S.-Japan trade outlook remains in focus, with Japan still facing a 10% U.S. tariff but seeking better terms. Key resistance is at 145.80, with further levels at 148.00 and 152.70. Support stands at 142.00, followed by 139.65 and 138.00.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #57👋 Welcome to TradeCity Pro! Today, we'll delve into the analysis of Bitcoin and key crypto indices. As usual, I want to review the triggers for the New York futures session. 🔄 Yesterday, there was news from Trump granting a 90-day tariff reprieve to all countries except China, which activated both long triggers I outlined for you yesterday—one before the news and one after. ⏳ 1-Hour Time Frame In the hourly time frame, as you can see, after the price was supported at 74760 in yesterday's analysis, I mentioned that breaking 77735 could be a risky long entry and breaking 80595 would activate the Double Bottom long trigger. 🔍 As observed, the first trigger at 77735 provided a very good entry, allowing us to open a robust position. However, the 80595 position, as it activated a four-hour pattern, naturally takes longer to reach the target or stop-loss. 📈 Currently, the price has made a bullish leg and is in a correction phase, and we need to see how far this correction can continue. A new support is forming at 81522, where the price had previously shown support and is now being supported again. ✔️ With 80595 and 81522 being close, we can say that a yet unconfirmed support zone has formed around this area, and the price could start its next bullish move after correcting into this zone. 🔼 Thus, for a long position, reacting to this support zone and breaking the short-term ceiling in lower time frames can give us a position. The next trigger is breaking the ceiling at 83349, which could start the next bullish leg upon making a higher high. 💫 However, the main trigger for going long is breaking 84572, which is a major resistance. Since this area is very significant, I wouldn't open a position with just the break of 83349, as a rejection from 84572 could hit our stop-loss and poses a high risk. ✨ If you recall, in analysis number 52, I drew a trendline in the daily time frame that now coincides with this price area, and the trigger for breaking this trendline overlaps with 84572, another reason this resistance is significant and why its breach is crucial. 🔽 For short positions, as you know from following my analyses, I trade based on the current momentum and market trend. Since we have entered a bullish momentum and no bearish structure has been formed yet, there is no reason for a short position. However, if you still want to open one no matter what, breaking areas 81522 or 80595 could be very risky but suitable. 👑 BTC.D Analysis Yesterday, there was a detailed analysis of Bitcoin dominance, complete with explanations of its utility and why we use it. I strongly recommend reviewing that analysis to understand why this chart needs to be checked and what's happening in its higher time frames. ☘️ Yesterday, the dominance faked out from the area of 63.30, then returned above this area, moving towards the ceiling of the box it had created, 63.50, and now it seems to be faking this area too. ⚡️ When this occurs in the chart, it indicates that the chart is not analyzable correctly, and we must wait until a proper structure is formed. Until then, we can decide candle by candle, following the momentum of each candle. 📅 Total2 Analysis Moving on to the analysis of Total2, triggers in the areas of 896 and 920 were activated, and the price movement continued near the area of 965, now entering a corrective phase. 📊 The support floor being formed is slightly above 920, and we should wait for a new structure. Until then, breaking 965 for a long and breaking 920 for a short are suitable. 📅 USDT.D Analysis Let's turn to Tether dominance, which, like Total2 and Bitcoin, has had its triggers activated and moved downward, reaching the support area at 5.53. 🎲 We confirm the continuation of the downtrend with the break of this 5.53, and for further correction, breaking 5.73 gives us confirmation. ❌ 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.
Long
by tradecitypro
8
Silver Remains Volatile Amid Trade War and Recession FearsSilver stayed above $30.50 per ounce on strong safe-haven demand amid U.S.-China trade tensions. Prices held a 3.5% gain after President Trump announced a 90-day tariff pause and a 10% rate for all but China, which now faces a 125% tariff. China raised tariffs on U.S. goods to 84%, and the EU approved duties on €21 billion of American exports. Fed minutes showed concerns about stagflation and the impact of Trump’s trade policies. Markets now await March U.S. inflation data on Thursday for clues on the Fed’s next move. Technically, the first resistance level is located at 31.50. In case of its breach 32.15 and 33.30 could be monitored respectively. On the downside, the first support is at 30.20. 29.50 and 29.20 would become the next support levels if this level is passed.
FOREXCOM:XAGUSD
by ChartMage
Gold Jumps 3% on U.S.-China Tariff BattleGold jumped over 3% to above $3,095 per ounce on Wednesday as U.S.-China trade tensions escalated. President Trump announced a 90-day tariff pause and a reduced 10% rate for all but China, which now faces a 125% tariff. Treasury Secretary Bessent said the lower rate would apply during talks, excluding China and some sectors. In response, China raised tariffs on U.S. goods to 84%, and the EU approved levies on €21 billion worth of American exports. Fed minutes showed policymakers expect higher inflation from tariffs but remain uncertain about its scale and duration. Supporting gold’s rally further, the World Gold Council reported that gold-backed ETFs attracted 226.5 metric tons in inflows during Q1, totaling $21.1 billion in value. Key resistance is at $3,135, followed by $3,165 and $3,200. Support stands at $3030, then $3010 and $2956.
EIGHTCAP:XAUUSD
by ChartMage
Euro Steady as EU Retaliates on TariffsThe euro hovered around 1.0980 on Thursday, supported by rising trade tensions and renewed political stability in the Eurozone. Sentiment favored the currency after China raised tariffs on all U.S. goods to 84% from 34%, retaliating against Washington’s hike to 104% on Chinese imports. The European Commission also approved retaliatory tariffs on €21 billion worth of U.S. goods, including soybeans, motorcycles, and orange juice. The escalation pushed investors away from typical safe havens like the dollar and Treasuries. Political stability in Germany further supported the euro, as the CDU/CSU and SPD finalized a coalition, clearing the way for Friedrich Merz to become Chancellor next month. The ECB is also expected to cut rates by 25 basis points later this month. Key resistance is at 1.1020, followed by 1.1100 and 1.1150. Support lies at 1.0880, then 1.0810 and 1.0730.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #56👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and key crypto indices. Today, as usual, I will review the New York futures session triggers. ✔️ Yesterday, the short trigger we discussed was activated, and the price moved downward to the area of 74760. 👀 Today, the market conditions are favorable for opening positions, both long and short. ⏳ 1-Hour Timeframe As I mentioned yesterday, the price executed another downward leg after pulling back to the 80595 area, activating our trigger at 78913 and moving to the main support floor. Today, I have adjusted this area, and we will explore why this adjustment was made. 📚 Positions like the one yesterday, which are opened for scalping, I usually set with a risk to reward ratio of 2 or 3, and I don’t leave them open for long, opting instead to secure profits. If you also open such positions, I recommend not holding them long term. 💥 However, today, as you can see, the price is forming more structure and giving us more logical triggers. The SMA99 indicator is nearing the price, and the RSI is showing divergence compared to the first bottom that the price made at 74650, which was accompanied by divergence. 🔼 For the divergence in RSI to activate, it needs to break the area of 59.87. If this happens, we can say that the divergence is active, and we can look for a price trigger for a long position. ⚡️ The first trigger for a long position is the 77735 area, which is considered risky, and with the breaking of this area, you can open a scalping position. The main long trigger is the breaking of 80595, which, if broken, activates a Double Bottom pattern that could change the market trend. ⭐ Keep in mind, there is currently no Double Bottom, and only if the 80595 area breaks will this pattern form. 📉 For a short position, the 74760 trigger is still appropriate, and you can enter a short position if this area breaks. However, it is important to note that this area is very close to the 71779 area, and opening a position on the break of 74760 will be risky. 👑 BTC.D Analysis Let's now analyze Bitcoin dominance, which continues to range between the areas of 63.30 and 63.50. Breaking this box could define the positions we open today. 💫 If the 63.30 area breaks, dominance might temporarily decline, allowing more capital to flow into altcoins. Conversely, if the dominance breaks upwards at 63.50, more capital will flow into Bitcoin. Soon, we will have a comprehensive analysis of Bitcoin dominance that I highly recommend not to miss. 📅 Total2 Analysis Moving on to the analysis of Total2, yesterday the Total2 trigger at the 896 area was activated, and altcoins, like Bitcoin, declined, causing this index to drop to the area of 860. 🔍 Today, for a short position, breaking the 860 area is appropriate. However, for a long position, I recommend seeking confirmation from Bitcoin itself and its dominance. 📅 USDT.D Analysis Finally, for the Tether dominance analysis, this index activated its upward trigger at the 5.84 area and performed an upward leg to 6.13. 📊 Currently, confirmation for the next upward leg in dominance will be with the breaking of 6.13, and the confirmation for a downward turn remains at the 5.73 area. ❌ 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.
Long
by tradecitypro
5
Yields and Trade Wars Induce Silver InstabilitySilver dropped below $30 per ounce, hitting $29.57 on April 4, its lowest since mid-January, as rising U.S. Treasury yields made non-yielding assets less attractive. The U.S. announced a 104% tariff on Chinese imports starting at midnight, intensifying trade war concerns. Although over 70 countries have reportedly requested tariff relief, market sentiment remains cautious. The EU’s retaliatory tariff plans further fueled risk aversion, pressuring industrial metals. Still, expectations of Fed rate cuts and safe-haven demand offer some support. Technically, the first resistance level is located at 30.90. In case of its breach, 31.40 and 32.50 could be monitored respectively. On the downside, first support is at 29.00. 28.40 and 27.50 would become the next support levels if this level is passed.
FOREXCOM:XAGUSD
by ChartMage
1
Gold Experiences Surge with Economic FearsGold soared to around $3,000 per ounce as investors sought refuge from intensifying trade war concerns and recession risks. The U.S. confirmed a new round of tariffs with no exemptions, China faces a record 104% hike. Trump also warned of a forthcoming pharmaceutical import tariff. The market is now focused on the Fed's March meeting minutes, set for release later today, for potential rate cut clues. Ongoing central bank purchases and strong ETF demand, China’s ETF added 233,000 ounces, also supported the rally. Key resistance is at $3,035, followed by $3,085 and $3,105. Support stands at $2,956, then $2,930 and $2830.
EIGHTCAP:XAUUSD
by ChartMage
Sterling Remains Firm Despite Inflationary PressuresGBP/USD traded around 1.2830 on Wednesday, holding gains from the previous session. However, ongoing global trade tensions and fears of goods dumping from China and Europe weighed on sentiment. Though U.S. tariffs are relatively lower on the UK, broader economic concerns persist. At the same time, rising inflation risks may lower expectations for rate cuts, providing some support to the pound. If GBP/USD breaks above 1.2850, resistance levels are at 1.2900 and 1.2940. Support is at 1.2715, followed by 1.2650 and 1.2600.
by ChartMage
1
Dollar Under Pressure from Recessionary SignalsEUR/USD climbed about 80 pips to 1.1040 on Wednesday as the dollar index slipped below 105.5, marking a second day of losses. The U.S. dollar weakened amid growing fears of recession, triggered by President Trump's sweeping tariffs. China now faces a 104% levy, with Beijing vowing to "fight to the end." Market sentiment remained cautious as trade negotiations stalled, despite Trump’s outreach to major partners. Concerns that the escalating trade war may tip the U.S. into recession have increased expectations of further Fed rate cuts, weighing on the dollar. Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.0900, then 1.0850 and 1.0730.
by ChartMage
Yen Appreciates with Trade TurmoilThe Japanese yen rose above 146 per dollar on Wednesday, extending gains as Trump's looming tariffs drove safe-haven flows. The dollar weakened on recession fears tied to escalating trade tensions and potential Fed rate cuts. New U.S. tariffs include a 24% duty on Japanese goods and a 25% car import levy. Trump confirmed that Japan will send a delegation to renegotiate terms, while PM Ishiba urged a policy rethink. Domestically, Japan's current account surplus hit a record in February, supported by strong exports and reduced imports, boosting the yen further. Key resistance is at 148.70, with further levels at 152.70 and 157.70. Support stands at 145.60, followed by 143.00 and 141.80.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #55👋 Welcome to TradeCity Pro! Let's delve into the analysis of Bitcoin and key crypto indices, focusing today on the New York futures session triggers as usual. 🔄 Yesterday, the market was in a corrective phase of a downward trend, coinciding with news about the date of a meeting between Iran and the USA, which caused a slight upward movement in the market. 📊 As I mentioned, due to the low market volume, any news from the USA can significantly impact the price. The news was that Iran and the USA have scheduled a meeting for Saturday to negotiate an agreement. 📰 However, a more significant news item that the whole world is waiting for is China's reaction to the 35% tariffs imposed by the USA. Trump has declared that if China does not accept these tariffs within the next few days, he will increase them to 50%. 🎲 If this happens, the next downward leg in price might begin. However, if news comes out that these two countries are nearing an agreement and are ready to negotiate tariffs, the market will undoubtedly move upwards, and this news could even be the start of a new bullish trend. Let's move on to the chart to find the technical triggers. ⏳ 1-Hour Timeframe As I said yesterday, with the breaking of the 50 area in the RSI, the price underwent a deeper correction and moved upwards. ⭐ It appears that an ascending structure is forming, and the price is steadily moving upwards. However, this movement doesn't have much upward momentum, and its volume isn't very high. 🔽 Today, for a short position, we can open a position in line with the trend at a high risk with the break of the 78913 area. The price has corrected to a reasonable extent and has pulled back near the SMA99. If the price moves towards this SMA and gets rejected, the importance of breaking 78913 will increase. 📉 The main trigger is currently the 74760 area, which is the market's primary floor. However, in general, I believe that the market structure isn't yet in a state where we should open major positions, and we should wait for more structure to form. This way, we can open more secure and precise positions, which would allow us to take higher risks and ultimately make more profit. 💫 If you want to open a short position with the break of 78913, the RSI moving below the 50 area could be a good confirmation, but be careful not to involve too much risk. 👑 BTC.D Analysis Let's move to the analysis of Bitcoin dominance, which is still ascending and has created a temporary support floor at 63.30. If this area breaks, we might temporarily confirm a decline in dominance. 🚀 Keep in mind that the dominance trend is bullish in all market cycles, and breaking this area does not mean a bearish trend. However, if it breaks 63.30, dominance might pull back to 63.07 and could enter a correction phase for a few days, which would impact our position choices. ✔️ If dominance is supported from this area, the likelihood of its continued growth increases. 📅 Total2 Analysis Moving on to the analysis of Total2, as you can see, with the slight correction of Bitcoin dominance, this index has performed slightly better than Bitcoin and has currently reached a similar peak at 920. 📉 The short trigger I gave on Bitcoin at 78913 is a better trigger compared to Total2, where the 896 area has not yet been tested and is riskier than Bitcoin. 🔼 For long positions, you can open one with the break of 920, but I do not recommend it because the market is in a downward trend, and there is a downward momentum in the market, and since I do not trade against the trend, I also do not recommend that you take a long position against the downward trend. 📅 USDT.D Analysis Finally, the analysis of Tether dominance is performing similarly to Total2 and is currently fluctuating between 5.73 and 5.84. ✨ Both of these areas could be used as triggers, but as I mentioned, it's better to wait for the market to create more structure and reveal the main triggers. ❌ 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.
by tradecitypro
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