Technical analysis by tradecitypro about Symbol BTC: Buy recommendation (7/20/2025)

👋 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. 📅 1-Hour timeframe On the 1-Hour timeframe, as you can see, Bitcoin is still holding the key support at 116829 and has been ranging between 116829 and 118440 since yesterday. ✨ Today, if the 118440 level breaks, we can open a solid long position. However, I still believe that due to Bitcoin Dominance being in a downtrend, altcoins are a much better choice for opening positions. ✔️ If you're only planning to trade Bitcoin, this trigger is suitable. The next entry points would be 120594 and 122733. If we open positions at all three triggers and the market moves upward, we can get strong risk-to-reward setups since we’ve entered with significant volume across three positions. 📊 If the 116829 level breaks downward, we might see sharper corrections. In that case, the next supports will be the 0.5 and 0.618 Fibonacci levels. 👑 BTC.D Analysis Looking at Bitcoin Dominance, as you can see, the trend is heavily bearish and moving downward. ⭐ The downtrend in dominance is quite steep, and the next support we have is at 60.49. There’s still room for dominance to drop to this level. 📅 Total2 Analysis Moving to Total2, yesterday the 1.46 trigger was activated and price moved to 1.5, and it is now sitting just below that level. 💫 If this level breaks, another bullish wave towards 1.62 could form. 📅 USDT.D Analysis Looking at Tether Dominance, this index is also in a downtrend similar to Bitcoin Dominance, which shows that money is exiting both Bitcoin and Tether and entering altcoins. 🎲 So keep a close eye on altcoins in the coming days, because a lot of capital is flowing into them and they could see significant pumps. ❌ 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.