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Silver Slips on Trade Optimism and Weak Economic Data Silver prices dropped over 1% on Thursday, slipping to around $32 per ounce, dragged by reduced safe-haven demand following Trump's optimistic remarks on potential trade deals with China, India, Japan, and South Korea. Weak economic data further pressured prices, with the U.S. economy contracting by 0.3% and China’s manufacturing PMI falling to a 16-month low, raising concerns about industrial demand. Today, silver is showing signs of recovery amid improved risk appetite, with the market focus on the $34.90–$35.00 resistance zone as a key technical level. Narrow Range: $31.30 – $33.70 Wide Range: $28.50 – $34.90/35.00
FOREXCOM:XAGUSD
by ChartMage
Gold Slips as Trade Optimism Eases Safe-Haven Demand Gold is hovering near $3,250/oz, on track for its worst week in over two months. Signs of easing tensions, China’s openness to trade talks and Trump’s remarks on deals with India, Japan, and South Korea, have weakened gold's demand. Adding pressure, the U.S. economy contracted in Q1, and March PCE inflation was flat. Markets now turn their attention to the upcoming non-farm payrolls report. Technically, the $3,200-$3,210 support zone is critical. Narrow Range: $3,180 - $3,276 Wide Range: $3,075 - $3,303 #Gold #XAUUSD #SafeHaven #TradeTalks #USChina #Inflation #PCE #NonFarmPayrolls #Commodities #MarketAnalysis #TechnicalAnalysis #GoldPrice #Forex #Investing
EIGHTCAP:XAUUSD
by ChartMage
GBP Gains as Tariff Risk Stays LowThe British pound rose to $1.332, near its highest level since February 2022, supported by a weaker U.S. dollar. Sterling gained 3.2% in April, its best month since November 2023. The UK is seen as less exposed to U.S. tariffs, which President Trump has delayed until July. In 2024, the U.S. ran a $12 billion goods surplus with the UK, unlike its deficits with China and the EU, reducing trade risk. The pound also benefits from expectations that the Bank of England will be more cautious than others in cutting rates. Markets expect about 85 basis points of easing this year, which is in line with the Fed. Investors now await key U.S. jobs and inflation data for dollar direction. If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
Euro Slips to $1.13 After Strong AprilThe euro dipped toward $1.13 on May 1 after a 5% April gain, as the dollar found support in Trump’s optimism about trade deals with India, Japan, South Korea, and China. Markets awaited Friday’s U.S. jobs data for Fed policy clues. The U.S. economy shrank 0.3% in Q1, partly due to import spikes ahead of expected tariffs. Meanwhile, the Eurozone grew 0.4%, driven by strong domestic demand. German inflation eased to 2.1%, though core rose slightly, while France’s annual rate held at 0.8%. Resistance levels are seen at 1.1460, then 1.1580 and 1.1680, while support rests at 1.1260, followed by 1.1200 and 1.1150.
by ChartMage
Yen Near 146 as Trade Hopes WeighThe yen hovered near 146 per dollar Friday after a 1.6% drop, pressured by weaker safe-haven demand amid improving US-China trade prospects. China is open to talks after repeated U.S. outreach, while Japan and the U.S. wrapped up a second round of bilateral talks, aiming for a June deal. Domestically, Japan’s jobless rate rose to 2.5% in March, but the labor market stayed tight. The Bank of Japan held rates at 0.5% and cut its growth and inflation outlooks, signaling limited chances of near-term hikes. Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #78👋 Welcome to TradeCity Pro! Let’s get into the analysis of Bitcoin and key crypto indices. As usual, in this analysis I’ll review the triggers for the New York futures session. ⏳ 1-Hour Timeframe As you can see in the 1-hour timeframe, Bitcoin is finally stabilizing above the 95,370 level. If this movement continues and the price stays above this level, the likelihood of a move up to 98,828 increases. ✔️ Over the past few days, I’ve strongly emphasized that you should open a position once 95,370 breaks. I hope you did, because that entry point was very significant, and breaking it could mark the beginning of Bitcoin’s next bullish leg. 💥 Currently, RSI is entering the Overbought zone, and if that happens, the chances of a sharp upward move increase. Buying volume is also rising, which is expected when a resistance level is broken. 📊 At the moment, opening new positions doesn't make much sense. If you already have an open position, I recommend riding the market momentum and taking profits whenever you notice momentum fading. 👑 BTC.D Analysis Bitcoin dominance dropped slightly yesterday and returned below the 64.60 level. If this level is broken again, we can reconfirm the bullish sentiment. 🧩 If dominance gets rejected from the 64.60 ceiling, it’s likely to drop back down to the 64.22 support level. 📅 Total2 Analysis Let’s look at Total2. Yesterday we saw a downward correction that extended to the 1.00 level. If you recall, I previously said I wouldn’t consider a trend reversal confirmed just from the 1.03 break — I’d wait for a break of the 1.00 support. 🔑 That’s why I didn’t close any of my positions at 1.03 and instead waited to see how the price would react at 1.00. As shown, the price reacted strongly at that level and quickly returned above 1.03. ✨ If the 1.05 level breaks, altcoins — just like Bitcoin — could begin a new bullish leg. 📅 USDT.D Analysis Now let’s look at USDT dominance. Yesterday, it made a bullish move and broke above the 5.10 level, but the entire move turned out to be a fakeout, and the price dropped back below 5.10. ⭐ Currently, dominance is heading toward the 4.99 support. The main trigger for a bullish market shift is the break of this 4.99 level in Tether dominance. If this happens, altcoins will likely begin their bullish moves. ❌ 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
6
TradeCityPro | Bitcoin Daily Analysis #77👋 Welcome to TradeCity Pro! Let’s dive into the analysis of Bitcoin and key crypto indexes. As usual, I’ll walk you through the triggers for the New York futures session. ⏳ 1-Hour Timeframe As you can see in the 1-hour timeframe, Bitcoin is still ranging, and volume has decreased compared to yesterday. In times like these when market volume is low, you need to pay closer attention. ✔️ Today, I’ve drawn an ascending trendline on the chart. When price performs very shallow corrections after an uptrend and each low is higher than the previous one, it indicates a very strong bullish trend. So if this trend continues, it can lead to some very attractive trade setups. 💥 As mentioned, volume is quite low today, and volatility is also lower than before. This means that most market participants are waiting to see what will happen before reacting. We should take the same approach and wait for our triggers to be activated. 📈 For a long position, it’s pretty clear that Bitcoin has a very important resistance at the 95370 level, which is currently the only long trigger. If you don’t have a position from lower levels, this is a very logical and attractive entry, and I suggest having a position ready if this level breaks. 📊 For a bearish scenario, we haven’t yet received confirmation, and we need to wait until at least the trendline is broken. After that, with the activation of a trendline trigger like the 93626 level, we can enter a short position. 👀 As I’ve said in previous analyses, I personally won’t open a short position unless Bitcoin reaches the 91945 level, as that’s my first confirmation for a trend reversal. 👑 BTC.D Analysis Let’s check Bitcoin Dominance. The dominance range box continues, and yesterday it again moved upward from the 64.22 support and reached the range top at 64.60. ☘️ If you had opened a position on altcoins like ETH after their triggers activated yesterday, you probably hit stop-loss because of this dominance move. As dominance moved up after those triggers, capital flowed out of altcoins, causing many of them to fake out and fall back below their resistance. 📅 Total2 Analysis Now for Total2. Just like Bitcoin, Total2 is forming a range box, but it has significantly less bullish momentum. While Bitcoin has some upward slope during its range, Total2 is completely flat and oscillating between 1.03 and 1.05. ⚡️ Triggers for Total2 remain unchanged: breakout of 1.05 for bullish confirmation and 1.03 for bearish. But just like I mentioned that I won’t act on Bitcoin’s 93626 break and will wait for 91945, here I also won’t act on a 1.03 break—I’ll wait for confirmation below 1.00. 📅 USDT.D Analysis Let’s move to Tether Dominance. A new lower high has formed just below 5.14, and for now, I’ve adjusted the resistance level to 5.10, because as you can see, the price is reacting well to this area and we can use it as a trigger. 🧩 For a bearish USDT.D scenario (which would mean bullish for the market), breaking below 4.99 remains the key trigger. For a bullish USDT.D scenario, breaking above 5.10 would be the first confirmation of a shift in dominance upward. ❌ 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
6
TradeCityPro | Bitcoin Daily Analysis #76👋 Welcome to TradeCity Pro! Let’s dive into the Bitcoin analysis and key crypto indices. As usual, in this analysis I’ll review the futures triggers for the New York session. ⚡️ Not much has changed since yesterday, so without reviewing the previous analysis, let’s get into today’s setup to see what positions we can open. ⏳ 1-Hour Timeframe As you can see on the 1-hour timeframe, the price is still within its range box. Even though yesterday it tested the lower range once and we expected a breakout to the upside, that didn’t happen, and the price was rejected from the 95370 resistance and continued to range. ✔️ After the rejection from this level, volume began to decline, which is a good sign. The lower the volume gets, the sharper the breakout move from the box is likely to be. 💥 If 95370 is broken, I definitely recommend having an open position, as the risk of hitting the stop loss is worth the potential gain. The target in case of a breakout will be the 98828 resistance. ⭐ The SMA99 is also providing good support and is currently sitting below the candles, which adds to the positive bias for this scenario. 🎲 If the price gets rejected from the resistance again, we’ll likely see more range-bound action today. But due to the strong bullish momentum, I don’t think the price will lose its support levels, and it’s likely to test 95370 again. 💫 That said, if I observe structural changes and see support levels like 91945 breaking, I’ll also be ready to take short positions. 🔽 However, for shorting, I think we should wait for more structure to form. Once the price shows more reaction to the 93626–95370 range box, and if 93626 breaks, we can enter a short. But right now, I’d personally wait for a break of 91945 before going short. 👑 BTC.D Analysis Moving on to Bitcoin dominance, the range box is still intact, and price is above the 64.22 level. If Bitcoin breaks the 95370 resistance and BTC.D continues to rise without breaking below 64.22, then Bitcoin will outperform altcoins. If 64.41 is broken, we can expect a sharp bullish move in Bitcoin. 📊 To enter positions on altcoins, the best confirmation remains the break of the 64.22 level on BTC.D. 📅 Total2 Analysis As for Total2, the 1.05 resistance still hasn’t been broken. To confirm the beginning of a bullish move in altcoins, we need a breakout of this level. The first target of this move would be the 1.07 resistance. 📉 To turn bearish, the first trigger is at 1.03. We’ll need to wait for the price to test it, so we can determine the precise level and react accordingly in future retests and breakouts. 📅 USDT.D Analysis USDT.D behaves slightly differently from Bitcoin and Total2. While Bitcoin and Total2 are both near resistance and poised for a breakout, USDT.D is still some distance from the 4.99 support. ☘️ The probability of this support break coinciding exactly with Bitcoin and altcoin triggers is low. However, I believe this is a more significant trigger than Total2’s. ❌ 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
3
Silver Falls to $33.00 on Trade OptimismSilver (XAG/USD) slipped to around $33.00 on Tuesday as safe-haven demand eased amid improving U.S.-China trade sentiment and a stronger U.S. dollar. Optimism grew after Trump suggested tariff rollbacks and China granted exemptions. Treasury Secretary Bessent confirmed ongoing talks and positive proposals. Markets now await key US data, Q1 GDP, PCE inflation, and Nonfarm Payrolls for clues on Fed policy. Technically, the first resistance level is located at 33.80. In case of its breach 34.20 and 34.85 could be monitored respectively. On the downside, first support is at 32.50. 31.40 and 30.20 would become the next support levels if this level is passed.
FOREXCOM:XAGUSD
by ChartMage
Gold Retreats as Investors Eye Key Economic DataGold fell below $3,330 per ounce on Tuesday as investors monitored tariff talks and awaited key economic data. Treasury Secretary Scott Bessent said many top U.S. trading partners made "very good" tariff proposals and noted China’s tariff exemptions signal de-escalation efforts. He stressed it is now up to China to act. A modest rebound in the U.S. dollar also pressured gold. Markets are focused on upcoming reports, including Q1 GDP, March PCE inflation, and April nonfarm payrolls, for clues on the economy and Fed policy. Key resistance is at $3365, followed by $3,405 and $3,500. Support stands at $3250, then $3165 and $3050.
EIGHTCAP:XAUUSD
by ChartMage
Pound Pressured by BOE Cut ExpectationsGBP/USD dipped to approximately 1.3425 during early Asian trading on Tuesday, as a slight rebound in the U.S. dollar put pressure on the pair. The dollar was supported by easing U.S.-China trade tensions, following China’s decision to exempt certain U.S. imports from tariffs, despite its denial of ongoing negotiations. Meanwhile, expectations of a 25 basis point rate cut by the Bank of England in May continue to weigh on the pound. Markets are now focused on an upcoming speech by BoE Deputy Governor Dave Ramsden, with any dovish remarks likely to add further downside pressure on the GBP. If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
Euro Slips as ECB Rate Cut Bets GrowThe EUR/USD dipped to around 1.1415 in early Asian trading Tuesday as the Euro weakened on rising expectations of an ECB rate cut in June. Reuters cited growing confidence among policymakers, with Olli Rehn suggesting rates could fall below neutral. Investors are also watching US-China trade developments ahead of Friday’s Nonfarm Payrolls. President Trump claimed progress, but Beijing denied active talks. Treasury Secretary Bessent confirmed recent contact but said China must act. Trade tensions continue to pressure the dollar, potentially supporting the Euro. Key resistance is at 1.1460, followed by 1.1580 and 1.1680. Support lies at 1.1260, then 1.1200 and 1.1150.
by ChartMage
Yen Under Pressure Ahead of BOJ DecisionThe Japanese yen edged closer to 144 per dollar on Monday, continuing last week’s decline as global trade sentiment improved and the dollar strengthened. Markets responded to a private meeting between Japan’s Finance Minister Kato and U.S. Treasury Secretary Bessent, during which both parties stressed the importance of ongoing discussions on currency matters. Meanwhile, Japan’s trade negotiator is set to visit Washington this week, as the Bank of Japan is expected to maintain interest rates at 0.5%, amid concerns over the economic impact of U.S. tariffs. Key resistance is at 144.00, with further levels at 145.90 and 146.75. Support stands at 139.70, followed by 137.00 and 135.00.
by ChartMage
2
TradeCityPro | Bitcoin Daily Analysis #75👋 Welcome to TradeCity Pro! Let’s move on to Bitcoin and major crypto index analysis. As usual, in this analysis, I want to review the triggers for the New York futures session for you. 🔄 Yesterday's Analysis In yesterday's analysis, I told you that if the price stabilizes below 93626, I expect a correction down to 91945. However, this didn’t happen and the price faked below this area and moved back up, and now its trigger has been activated. Let’s move on to today’s analysis to see what triggers are suitable for today. ⏳ 1-Hour Timeframe In the 1-hour timeframe, as I said, the price faked downwards and moved up again, activating the first trigger at 94421. The 94421 trigger was a preliminary trigger for the breakout of 95306, so if you opened this position, I suggest you wait to see if the price breaks the 95306 resistance or not. ✔️ The main trigger for a long position is still the breakout of 95306, which can start the next bullish leg for Bitcoin. If you plan to open a position upon the breakout of this area, pay attention to the volume, and if volume increases at the same time, I suggest you definitely have a position. 💥 In the RSI oscillator, as you can see, the divergence we had in the previous bullish leg has been activated, and we can see its effect in the market, and now a new structure is forming, getting close to the Overbuy area. ⚡️ If RSI enters Overbuy and the 95306 resistance is broken, we could see a sharp and fast move toward the 98828 resistance. 📉 For a short position and for Bitcoin’s trend to turn bearish, yesterday I told you we have a risky trigger at the break of 93626, but I personally wouldn’t open a position with this trigger because it’s risky and I prefer to wait for a confirmed trend change. 🔍 Currently, the trigger I have for a trend change in Bitcoin is the break of 91945 and forming a lower high and lower low below this level. Otherwise, we should wait to see if a new structure for a trend change forms in the coming days. 👑 BTC.D Analysis Let’s move on to Bitcoin Dominance analysis. As you can see, Dominance has finally exited the range it had formed between 64.19 and 64.41, breaking 64.19 and moving downward. 🧩 If this decline continues, the next major support area for Dominance is 63.67, and Dominance could fall to this level. If this happens simultaneously with Bitcoin’s rise, altcoins could experience a lot of sharp bullish moves. 📅 Total2 Analysis Let’s move on to Total2 analysis. As you can see, this index also faked the floor it had formed, and this fake breakout has brought bullish momentum into the market, and now it has managed to stabilize above 1.05. ⭐ The reason Bitcoin is still struggling with its resistance and hasn’t broken it yet is because Bitcoin Dominance is decreasing, causing Bitcoin to move upward slower than Total2. 📊 Currently, the next resistance for Total2 is the 1.07 area, and the probability of the price reaching this level is high. If this bullish move gets faked, breaking 1.03 will be a good short trigger. 📅 USDT.D Analysis Let’s move on to Tether Dominance analysis. I believe the market is still waiting for Tether Dominance to move out of the range box formed between 4.99 and 5.14. 🚀 If the 4.99 level is broken, it can confirm that the market is turning bullish. I think this trigger could start Bitcoin’s move toward a new ATH. 🎲 If 5.14 is broken instead, we can confirm the end of the bullish trend that the market has had in recent days. ❌ 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
4
TradeCityPro | Bitcoin Daily Analysis #74👋 Welcome to TradeCity Pro! Let's move on to Bitcoin and major crypto index analysis. As usual in this analysis, I want to review the triggers for the New York futures session for you. ⏳ 1-Hour Timeframe In the 1-hour timeframe, as you can see, after the price was rejected from the 95306 area, it formed a short-term box between 93898 and 95306, and currently, the price is moving out of this box. ✔️ As you can see, after a large red candle and a second rejection from 95306, a lot of bearish momentum and selling volume entered the market, and now the price has broken the 93898 support. If the price stabilizes below this level, there is a possibility of a deeper correction down to 91945. 💥 The SMA99 indicator overlaps with the 93989 area, and if this PRZ (Potential Reversal Zone) formed by the price is broken, the probability of a further drop will increase. ⚡️ The RSI oscillator has also activated its divergence, and now we are seeing the effect of this divergence in the market. For a short position, if the 93898 area is broken, we can enter. 📈 For a long position, if the 93898 area gets faked out, we can enter a long with a fake breakout trigger in lower timeframes. The main trigger for a long is the break of 95306. 👑 BTC.D Analysis Let's move on to Bitcoin Dominance. There is still a ranging box between 64.19 and 61.60, and the price is fluctuating between these two levels. ✨ Currently, confirmation for bullishness comes with a break of 64.60 or 64.41, and bearish confirmation comes with a break of 64.19. 📅 Total2 Analysis Moving on to Total2, a ranging box has formed in this index between 1.03 and 1.05. These areas are suitable triggers for opening positions. 🧩 For a long position, a break of 1.05 could start the next bullish leg, with a target of 1.07. 🔽 For a short position, with a break of 1.03, the price could make a corrective move. 📅 USDT.D Analysis Moving on to Tether Dominance, it is still struggling with the 4.99 support area and hasn't been able to stabilize below it. 📊 As long as this support holds, the next bullish leg in the market will not start. On the other hand, as long as dominance is below 5.14, the market trend remains bullish. ❌ 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
12
TradeCityPro | Bitcoin Daily Analysis #73👋 Welcome to TradeCity Pro! In this analysis, I want to give you a complete review of Bitcoin. There are just a few days left until the monthly candle closes, and it’s been a while since I analyzed higher timeframes for you, so it’s a good time to do that now. 📅 Monthly Timeframe In the monthly timeframe, it’s very clear that Bitcoin has a long-term uptrend, which is still ongoing. The new leg of this trend started from the 16162 bottom and has so far extended to 104857. ⚡️ In the past few candles, the price has entered a phase of correction and consolidation, which is perfectly natural and necessary for the trend’s health. However, because this is happening on the monthly timeframe and takes months, some traders and market participants might think the uptrend has ended. ✔️ First of all, Bitcoin’s uptrend has not ended yet. We’ve just seen two red monthly candles, and now with this month's candle, bullish momentum is reentering the market. I believe the price can register a new all-time high (ATH). Even if that doesn’t happen, remember that Bitcoin’s dominance is very high, and this bullish cycle won’t last forever—eventually, Bitcoin dominance will start to fall. 🔍 If that happens and the percentage of money inside Bitcoin decreases, this capital will shift into altcoins. With this large inflow of capital, an altcoin season will begin. 📊 My personal view is that Bitcoin will have one more bullish leg toward 130,000 or 180,000, and after that, dominance will start to drop and the altcoin season will begin. Initially, Bitcoin will move upward, followed by strong, large-cap altcoins like Ethereum, BNB, XRP, etc. After these big players rally, capital will shift into good low-cap projects, leading to the crazy crypto pumps we've seen in previous bull runs. 🔽 This is the scenario I find most likely. But if the market moves against this scenario and dominance shifts earlier or later, I will adapt accordingly without being rigid in my analysis. ✨ As for Bitcoin turning bearish, I think that’s very unlikely for now, and the triggers for that are still far away from the current price. If that scenario becomes more probable, I’ll update my analysis and discuss it. In short, for Bitcoin to turn bearish, it would need to make a lower high and a lower low compared to 104000, and if a sharp downtrend is to happen, the price must establish below 58000. 📅 Weekly Timeframe In the weekly timeframe, we can see the bullish movement in more detail. A bullish move started from the 16162 bottom and after three bullish legs, the price reached the 104857 resistance. 💫 Currently, the price is in the correction phase of the third bullish leg and had pulled back close to the previous high of 71520. After forming a bullish engulfing candle, bullish momentum has returned, and the price is moving back toward 104857. 🎲 The 104857 area overlaps with the 0.618 Fibonacci Extension, creating a strong PRZ (Potential Reversal Zone). If this high breaks, the next resistance levels are the 0.786 and 1 Fibonacci levels, roughly around 125000 and 155000. 👀 There’s also a visible trendline in this timeframe that the price has touched three times, and each time the trendline bottom coincided with RSI support. However, the last time the price touched the trendline, it made a fakeout, which can be observed both on the price chart and on RSI. ⭐ This fakeout could inject even stronger bullish momentum and drive the price higher. But for this to happen, the current bullish leg must break above 104857—otherwise, the scenario fails, because if buyers truly have strength after a trendline breakout, they should be able to break the previous high. ☘️ If this doesn’t happen, it signals weakness, and the price could move back toward the 71000 support, with an increased probability of breaking it. 💥 In previous analyses, I also mentioned that during this bullish cycle, RSI has accurately indicated market bottoms each time it touched the 45.17 support level. This has happened again, and I hope you were able to benefit from it. 📅 Daily Timeframe In the daily timeframe, as you can see, using the bullish leg up to 106247, we can draw a Fibonacci Retracement. 🔑 In the initial correction phase after reaching 106247, a box was formed between the 0.236 Fibonacci level and the 106247 top. After the 0.236 Fibonacci level, which overlapped with 90958, was broken, a deeper correction occurred down to the 0.5 Fibonacci level. 🔄 A descending trendline can also be drawn on the chart. As I mentioned in Bitcoin analysis #52, I advised spot buying upon the breakout of this trendline. I hope you were able to take full advantage of that opportunity. 📚 After the price reached the 0.5 Fibonacci level, a strong reaction occurred, and after activating the 87360 trigger, the price began a bullish move with strong buying volume and sharp candles, climbing back above 90958. If it holds above this level, it could move back toward the 106247 top. 💥 The RSI oscillator has increased significantly during this bullish move and is now near the Overbuy zone. If RSI enters the excitement zone, the likelihood of a sharp move toward the main resistance increases, and if RSI stabilizes above this zone, the probability of breaking the 106247 top will be very high. 📉 Currently, strong bullish momentum has entered the market, so we can expect a solid uptrend to continue. However, if the price falls back below 90958 before reaching the 106247 top, it would suggest that the entire bullish move was a fakeout, and bearish momentum could enter, pushing the price lower toward the 0.618 or even 0.786 Fibonacci levels. ⏳ 4-Hour Timeframe Let’s check the 4-hour timeframe for futures triggers. ✔️ As you know from previous analyses, we had two main entry points for long positions at 85697 and 88289, and I hope you managed to open positions based on those. 💣 Currently, the price has reached the 95173 resistance and is being rejected. The RSI oscillator also shows a divergence, and if the 64.4 level breaks on RSI, temporary bullish momentum could fade. 🔼 In case of correction, the supports we currently have are at 92109 and 88289. For more levels, we’ll need to wait for a proper correction to use Fibonacci tools. 📈 For a long position, you can enter on the breakout of 95173. The next price target will be 98828.For a short position, we still need to wait for a proper trend reversal. ❌ 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
18
TradeCityPro | Bitcoin Daily Analysis #72👋 Welcome to TradeCity Pro! Let’s move on to Bitcoin analysis and the major crypto indexes. As usual, in this analysis, I’ll be reviewing the New York futures session triggers for you. 🔄 Yesterday’s Analysis In yesterday’s analysis, I gave you a long trigger and said that if the price is supported at the 92007 area and moves toward 94283, you can enter the position after the breakout. This has happened now, and a few hours ago a candle closed above this area. Now we’ll have to see whether the price movement will continue or if it was a fakeout. ⚡️ Nothing else special has happened and for now, only the trigger is active. Personally, since I already had a Bitcoin position open, I opened this one on an altcoin instead, but Bitcoin was a better choice because dominance is rising again, and if you didn’t already have a position on Bitcoin, it would’ve been better to open one there. Let’s get into the analysis to see how the market looks today. ⏳ 1-Hour Timeframe As you can see, I placed a Fibonacci Extension over the bullish leg that started after the breakout of the 85550 level, and the 0.236 Fibonacci level overlaps with the 92007 level, where the price was supported. 💥 When the price rises from the 0.236 Fibonacci level, it means the trend strength is very high, and the price can easily start the next bullish leg. As you can see, that’s exactly what happened—the price quickly moved up to 94283 and is now above that level. 📚 So when the trend is this strong, rising from 0.236 and breaking the previous high, the next leg should start. If that doesn’t happen, it means there’s significant weakness in the uptrend. So if the price doesn’t move upward today and falls back below 94283, it would indicate strong trend weakness, and the likelihood of deeper corrections to lower Fibonacci levels like 0.382 or 0.5 will increase. 📈 For longs, as I told you yesterday, you can enter on the breakout of 94283, which is now active, but the price hasn’t started its move yet. So if you haven’t entered on this trigger, you can enter on a pullback to this level. 🔽 For shorts, even though I said a move back below 94283 would indicate significant weakness, always remember that weakness doesn’t mean trend reversal—it’s just a sign. We confirm the trend reversal with a break of 92007 and the formation of lower lows and highs under this support. This would be the first short trigger and is considered quite risky. 📊 If you look closely, market volume has increased after the breakout. This shows a battle between buyers and sellers, and we need to see which side wins so we can join the winning team. 🧩 Also, pay attention to the RSI oscillator today. If RSI enters Overbought again, there’s potential for another sharp bullish move. 👑 BTC.D Analysis Let’s look at Bitcoin dominance. BTC.D finally tested the 64.12 level and was supported there. Because of this volatility and the V-pattern formed in dominance, most altcoins activated their long triggers. But as dominance started rising again, altcoins fell back below their resistance levels, and if you had opened positions, there was a high chance you hit stop-loss. We can see this more clearly in the Total2 chart. ✔️ For BTC.D to continue rising, confirmation of the V-pattern through a breakout of 64.41 could act as a good trigger, with a move up to at least 64.60. However, the main trigger for the next bullish leg in BTC.D is a breakout above 64.60. 📅 Total2 Analysis Let’s look at Total2. As I mentioned, most altcoin triggers were activated but didn’t follow through, and some even dropped and returned to their lows. This can be seen in Total2 as well. ✨ The reason for this is that money initially flowed into altcoins, activating their triggers. But simultaneously, Bitcoin’s trigger was also activated, and since BTC dominance rose, not much volume flowed into altcoins. That’s why Total2 is currently ranging around its 1.04 trigger level. 🔍 Regarding Total2, just like Bitcoin, this index was supported at the 0.382 Fibonacci level and activated its trigger at 1.04. A bounce from 0.382 indicates strong bullish trend momentum. (Bitcoin bounced from 0.236, which means BTC has an even stronger uptrend than Total2.) 🎲 So once the 1.04 trigger is activated, considering the strong trend momentum, a strong uptrend should start. If this doesn’t happen in the next few candles, the price will likely fall back below 1.04, and bearish momentum could enter the market. 📅 USDT.D Analysis Let’s look at Tether dominance. As I’ve said in previous analyses, I believe the market is still moving in sync with USDT.D, and now it’s waiting for the 5% level to be broken. 🔑 That’s why Bitcoin and Total2 have both activated their triggers but haven’t started their major moves yet. In this bullish cycle, USDT dominance appears to have more weight than other indicators. I think the entire market is waiting for the 5% level in this index to break so that capital flows into Bitcoin and altcoins. 🔼 I recommend that if the 5% level breaks, be sure to have at least one long position open. ❌ 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
13
Silver Holds Ground on Mixed Trade SignalsSilver is trading around $33.50 on Friday morning, continuing to show greater sensitivity to macroeconomic shifts and trade news due to its dual role as both a precious and industrial metal. Recent price movements were shaped by mixed signals in U.S.-China trade relations. Although the Trump administration reportedly considered tariff reductions, Treasury Secretary Scott Bessent clarified that no formal proposals have been made and negotiations have not yet begun. Technically, silver faces initial resistance at $33.80, with further levels at $34.20 and $34.85 if the upward move continues. On the downside, immediate support is seen at $33.15, followed by $31.40 and $30.20 if further weakness occurs.
FOREXCOM:XAGUSD
by ChartMage
Investors Turn to Gold as Tariff Tensions PersistGold is trading near $3,330 on Friday and is on track to record its third consecutive weekly gain. The increase in prices is primarily driven by heightened safe-haven demand, as uncertainty surrounding a potential U.S.-China trade agreement continues to weigh on investor sentiment. Although Chinese officials have publicly denied the continuation of negotiations, President Trump stated that discussions are still in progress. Adding to the cautious outlook, U.S. Treasury Secretary Scott Bessent emphasized that any progress would depend on the reduction of existing tariffs, reinforcing market skepticism about a near-term resolution. Key resistance is at $3410, followed by $3,500 and $3,600. Support stands at $3315, then $3290 and $3250.
EIGHTCAP:XAUUSD
by ChartMage
Sterling Keeps Flat Amid Trade WatchThe British pound held steady near 1.3290 on Friday morning, maintaining levels seen in the previous session. The currency remained flat in recent days, supported by optimistic comments from Donald Trump and largely neutral PMI data. Upcoming economic releases and developments in the US-China trade dispute are expected to play a key role in shaping the pair’s direction next week. If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
BOJ Faces Inflation ChallengeThe Japanese yen weakened to around 143 per dollar on Friday, reversing Thursday’s gains as the U.S. dollar rebounded on easing global trade tensions. President Trump reassured markets that U.S.-China trade talks are ongoing, despite China’s denial, and optimism over talks with Japan and South Korea also supported the dollar. Trump also eased monetary policy concerns by clarifying he never intended to remove Fed Chair Jerome Powell. In Japan, Tokyo’s core inflation rose to 3.4% in April, the highest in two years, posing a challenge for the Bank of Japan as it balances rising inflation with external risks from U.S. tariffs. The BOJ is expected to keep rates steady. Key resistance is at 144.00, with further levels at 145.90 and 146.75. Support stands at 139.70, followed by 137.00 and 135.00.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #71👋 Welcome to TradeCity Pro! Let’s dive into the Bitcoin analysis and key crypto indicators. As usual, I’ll review the futures triggers for the New York session. 🔄 Yesterday’s Recap In yesterday's analysis, I mentioned that the main triggers had already been activated, and it might be too late to enter a position. However, you could still enter trades using momentum triggers such as RSI and SMA. ⚡️ As we can see, the RSI oscillator, after exiting the Overbought zone, triggered a bearish divergence and has now dropped below level 50. This means the RSI trigger has not yet been activated, and the price didn't pull back to the SMAs either — instead, it broke below them and entered a short-term correction. ⏳ 1-Hour Timeframe In the 1-hour timeframe, we can see that the price was rejected from the key resistance at 94,283 and dropped to the 92,007 zone. ✔️ The SMA99 is getting closer to the price, and we might see a pullback to this level. If this happens and the price builds a structure after the pullback, it could offer a good long entry during the correction. 📈 The main long trigger remains the breakout above 94,283, which would signal the start of the next bullish leg. ✨ For a healthier trend structure, the price might undergo a deeper correction, increasing the chances of a pullback to the SMA99 scenario playing out. 📊 However, note that during the drop to 92,007, selling volume increased, which is not favorable for the bullish trend. So, if you're planning to enter a long during this correction, make sure selling volume is decreasing and buying volume is rising. 🔽 For short positions, as mentioned in previous analyses, we must wait for a confirmed trend reversal. Currently, there is no trigger indicating a downtrend, and we need to wait for a new structure. 👑 BTC.D Analysis BTC dominance is still climbing and moving toward the 64.60 resistance level. If it stabilizes above this level, it could initiate the next bullish leg for BTC dominance. 💥 For a bearish BTC.D scenario, either rejection from 64.60 or a breakdown below 64.12 would be appropriate triggers. 📅 Total2 Analysis Total2 is showing a deeper correction compared to BTC, aligning with the increasing BTC dominance. It has corrected down to the 0.382 Fibonacci level. 🔼 For long positions, a breakout above 1.04 is a good trigger — but be sure to watch BTC.D to decide whether to go long on Bitcoin or altcoins. ⭐ As for shorts, like other charts, we need to wait for a confirmed trend reversal before considering a short position. 📅 USDT.D Analysis This chart is also correcting, and after finding support at 4.99, it is now retracing upward and sits near 5.13. 💫 For the downtrend in USDT.D to continue, a break below 4.99 is crucial. If it holds below that level, the overall crypto market can continue moving upward. ❌ 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 #70👋 Welcome to TradeCity Pro! Let’s dive into Bitcoin and major crypto index analysis. As usual, in this analysis I’ll review the futures triggers for the New York session. 🔄 Yesterday’s Analysis Yesterday, the price broke through the 88502 level, which was our main trigger for a bullish move. The price then made a very sharp upward move and even broke the next resistance at 92000, now heading toward 95307. ✔️ I also mentioned the RSI, saying if it enters the Overbought zone again, we could see a sharp leg toward 92000—and that’s exactly what happened, with strong upward movement. 🧲 I hope you opened a position, because all the triggers of my strategy were activated yesterday: the fake break of 84363, the breakouts of 85126, 85550, and 88502. These were the key trend-starting triggers, and I made sure to be in a position as those sharp candles formed to profit from the move. 🎲 So today it’s a bit harder to open new positions, which is natural, because 4 main triggers have already been activated. But I’ll try to share any new ones if they appear. ⏳ 1-Hour Timeframe As you can see, we witnessed a very sharp move, with price consistently in Overbought, and now just exiting that zone. ⚡️ The triggers I can give today aren’t really based on support/resistance breaks. If you’re going to open a position, you should enter with minimum risk and based on momentum. That is, if you see bullish momentum coming in, go long. ☘️ You can use the SMA indicator or RSI oscillator for this. The price has pulled back multiple times to SMA7, and moved again with confirmation candles. You can also use this strategy with pullbacks to SMA25 or SMA99. 💥 The RSI is also a momentum oscillator, and if it re-enters Overbought, we could see more upside just like yesterday. 📊 In both strategies, make sure buying volume is increasing, and there is no volume divergence. Again, note that the main triggers have already been activated, and I believe the market needs to create a new structure before new entries. So today’s trigger is quite risky, and I personally won’t open a new position because I’m already in from lower levels. 🚀 If you, like me, have one or more open positions from lower levels, I recommend taking partial profit. If you have one position, take 40–50% off. If you have more than one, maybe close one entirely but keep at least one open. 👑 BTC.D Analysis Let’s check Bitcoin dominance. Yesterday, with Bitcoin’s strong price action, dominance dropped slightly and was rejected at the 64.60 ceiling. That’s why some altcoins—especially in the DeFi category—saw strong rallies, and you could’ve opened positions on them. 💫 The next support is around 64.12, and I think BTC.D could drop to that level. A bullish trigger for dominance remains a break above 64.60. 📅 Total2 Analysis In previous updates, I emphasized the 980 resistance level. I told you to try and have a long position ready if this level broke. As you can see, that’s exactly when the sharp move began. Now, even 1.02 has been broken, and Total2 is moving toward 1.04. 🔼 For long entries, confirmation from Bitcoin’s chart is more reliable since this index is highly correlated with BTC and is better for identifying targets or entries. 📅 USDT.D Analysis As mentioned before, if 5.39 breaks in USDT.D, you should have a position ready. That level broke cleanly, gave entry triggers on the breakout, pullback, and break of pullback’s low, and then dropped sharply to 4.99. 🧩 Right now, USDT.D has reacted to 4.99 support, and I think the psychological 5% level has a strong impact here. I still believe the market is heavily dependent on Tether dominance, and if this support breaks, we could see another bullish leg in the market. ❌ 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