Technical analysis by tradecitypro about Symbol BTC: Buy recommendation (6/4/2025)

👋 Welcome to TradeCity Pro!Let’s dive into Bitcoin and key crypto indices. As usual, in this analysis I’ll walk you through the triggers for the New York futures session.⏳ 1-Hour TimeframeAs you can see in the 1-hour timeframe, yesterday the price made another upward move and formed its resistance at the 106586 level and a bottom at 105087.📈 For a long position, considering the uptrend in higher timeframes such as the daily and weekly, we can enter upon a breakout of 106586. A bounce of the RSI from the 50 level can act as a good confirmation for the position.📊 Buying volume is currently increasing, but the price is still sitting on the support bottom and hasn’t moved upward yet. If this volume inflow continues, a breakout of 106586 would be a strong confirmation for a long position.🔽 For a short position, the first trigger is the breakdown of the 105087 bottom. If this level is broken, we can enter a short. The main short trigger is at 103899.💥 Conditions are currently favorable for a short position, and the current candle has strong bearish momentum. So, if 105087 breaks, a short position would be appropriate.👑 BTC.D AnalysisLet’s look at Bitcoin Dominance. After a pullback to the 64.23 level, the next bearish leg continued to 63.93. If 63.93 breaks, the downtrend is likely to continue and the price could fall to 63.50.✅ If 63.93 holds, dominance may start moving back up toward 64.67.📅 Total2 AnalysisNow let’s check out Total2. This index is still below the 1.18 level, and breaking this level would confirm a bullish move.✨ A new bottom has also formed at 1.17. If this level breaks, we can look for a short position.📅 USDT.D AnalysisNow to Tether Dominance. This index has formed a box between 4.64 and 4.70.🔔 A breakout above 4.70 could initiate a bullish move in dominance, while a breakdown below 4.64 could trigger a bearish move.❌ Disclaimer ❌Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.