TradeCityPro | Bitcoin Daily Analysis #332

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TradeCityPro | Bitcoin Daily Analysis #332Bitcoin / TetherUSBINANCE:BTCUSDTtradecitypro👋 Welcome to TradeCityPro! Today, let's take a look at Bitcoin on the Daily timeframe to get a broader, long-term perspective on the market. ⏳ Daily Timeframe As the price structure suggests, Bitcoin is still in a broader downtrend, although the strength of this bearish trend has weakened over the past few weeks. ⭐ During the first and second bearish waves, price printed significantly lower lows. However, in the most recent decline, which started from 82,320, Bitcoin only dropped into the 58,000–60,000 support zone. After faking a breakdown below this support, price recovered and is now trading inside a range between 60,802 and 66,327. ⛏ What's important is that the previous major low was also formed around this area, which suggests that sellers have not yet been able to break the primary support. 🔔 If Bitcoin manages to hold above 66,327, it could begin a bullish move toward the 74,963 and 82,320 resistance levels. In that scenario, we'll be looking for long opportunities after a confirmed breakout above 66,327. 📊 The RSI has recovered from the oversold region and, after successfully retesting the 30 level, is now gradually establishing itself above 50. If RSI enters the overbought zone while price breaks above 66,327, it could confirm strong bullish momentum and increase the probability of a sharp rally toward the overhead resistance levels. ✔️ That said, we should keep in mind that the overall trend remains bearish, and it's possible that the recent improvement in buying pressure is only temporary. If the 58,000–60,000 support zone breaks, we'll be looking for short positions. The next major support levels to watch are 54,000 and 44,000. ❌ 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.