$BTC The negative image is getting stronger on the daily chart.

The 20 DMA is down. There has been a limited decline so far, but it looks like we are entering the second wave of the decline.

Especially breaking the first support may lead to a very rapid move to the second support.

We need to pay special attention to volume in the coming days. If we start to see an increase in volume during the decline, we can start talking about around 50k.

Today, a negative atmosphere was created in global markets due to the fact that producer inflation in the USA was much higher than expected.

$BTC was also affected by these sales. This situation is not yet at a critical level.

But I want to tell you under what circumstances we should be concerned.

There has been a strong breakout momentum for 20 days and during this time we have never seen a close below the previous day's trading levels.

The most important first sign that will show us that this momentum has been broken will be a daily close below the previous day's candle range.

You can ignore very close levels, but if the negative candle formation example I show on the chart occurs, then I will start waiting by cashing in.

I tried to show it in the graph in Turkish and English.

You can follow it yourself this way.

Let me update $BTC as we enter the weekend.

There is no serious position change on the futures side, but there is a descending channel image with some short increase.

For now, we are progressing in this channel between 56k-64k.

Normally, descending channels are bullish structures that break upward at the end. However, the momentum required to exit the channel is not yet there. That's why we may see another visit to the bottom of the channel.

Let me finish the day by sharing the#bitcoinmovement in the last 24 hours.

Sellers dominate on both the spot and futures sides.

There is a clear downward trend and volume increase. Additionally, open positions are increasing. So the shorts took the helm.

There may be breaks, but the beating is not over yet.

One of the indicators I use for general market evaluation is the Altcoin-Bitcoin season index.

This index is based on how altcoins perform relative to $BTC.

Altcoins made a good bottom in the last decline.

We can now say that the pointer is in favor of altcoins in the long term.

Let me update for $BTC .

In the long term, the movement in the horizontal region that I shared before continues. Under the pretext of the Iran-Israel crisis, the third test took place in the green support zone since April. Now we can see a slow move to the upper band.

In this process, altcoins were crushed a lot. This decline, which came with very little time until the halving, provided a good buying opportunity for altcoins.

There are a few data that I follow in my general market analysis during this process:

- I try to predict the movement of altcoins by looking at Bitcoin dominance and comparing it with previous periods.

- By following open positions and liquidations on the futures side, I estimate how long the harsh movements will continue.

- I analyze the general sentiment by looking at the altcoin-bitcoin season and fear-greed indices. I will continue to share my analyzes regarding these with you throughout the day.

There is no significant change in the #Bitcoin chart.

The price has entered the horizontal zone and it looks like it will spend time there for a while. Volume decreases and the trend image disappears.

In my opinion, there is no obvious situation to trade in terms of bitcoin. In horizontal trends, you can buy close to support and sell close to resistance, but I prefer to trade rising trends.

It is necessary to study the charts of altcoins and look at those that are trending. I'll start looking around that way when I have time.

You can ask your questions with the hashtag #TeknikçiHocaCommUNITY .

The price of $BTC is testing the rising trend again after testing the resistance zone that I shared with you last week a few times.

I didn't like the sales today. There is a gap between 62-63 thousand below the support break.

It's good to be careful.

Friends, you can ask your questions on the following number: #TeknikçiHocaCommUNITY . I will also look at the questions from this hashtag.

❗️EDUCATION❗️

Those who turned resistance into support today...

If we take the chart wider and look at the long term, we see a nice upward trend.

I want to not only share the process, but also show what I pay attention to, to be instructive.

So what should we look for?

✅ Tested at least 3 times and resistance has occurred

✅ After pressure from sellers, buyers took control and pushed the price up with rising bottoms.

✅ Resistance zone broken with high volume

✅ Resistance zone has been tested and has become support

For more sharing, you can ask your questions with the hashtag #TeknikçiHocaCommUNITY .

$BTC 's upward trend for the last two months continues for now.

However, the price is close to the previous peak at 73.000$ .

There are also signs of exhaustion in momentum indicators such as RSI.

The trend continues, but it is not as strong as before.

If the resistance is broken, #bitcoin will experience a new upward wave. Keep following the resistance...

#TeknikçiHocaCommUNITY

Let's continue the analysis with #TeknikçiHocaCommUNITY .

$BTC had a nice breakout yesterday after the recent sales. However, this release was a reaction to the previous sales and had a limited impact.

If we check the Fibonacci levels, we see that this sale is in the range of 50-60%. Therefore, we have achieved a sufficient lead for a healthy reaction movement.

Again, when we look at the hourly chart, we see that the price could not make a new peak after yesterday's purchases and the peaks are gradually falling. This shows that we need to be ready for a second wave of decline.

If we fall below 60 thousand, it would not be a surprise if the price drops to the 55-56 thousand range.

However, I cannot help but add that the market is still quite positive in the long run.

We continue our analysis as #TeknikçiHocaCommUNITY .

Don't forget to use the hashtag for support, too.

A strengthening uptrend outlook continues in $LTO.

Due to the break caused by the release of #Bitcoin , the movements of altcoins are also restricted. However, if the market turns a little greener, the outflow potential in altcoins will also increase.

We see rapidly rising volume after a long-term vertical accumulation at $LTO .

It came at a bad time for the market. But there are large fluctuations in price.

When the market recovers, I expect it to relax and continue on its way.

After 6 days of sales, the market size of crypto assets lost around 350 billion $ .

Altcoins are more affected by these declines in percentage terms than #Bitcoin(BTC) .

I expect altcoins to be a little more positive when #Ethereum✅ ETFs start to be talked about soon.

#TeknikçiHocaCommUNITY

Current bearish channel $BTC hourly.

The selling is voluminous, so it takes time for the price to rebalance.

Since there is strong momentum, I expect at least one more wave of decline. These decreases occur in the form of the price becoming horizontal and then decreasing again.

#TeknikçiHocaCommUNITY

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Solana market cap has tripled that of XRP.

Increases of two coins in the last 15 months:

$SOL - 2.464%
$XRP - 80%

Court etc. excuse...

Is there really any value being produced that will make your product used?

Is the project team working to improve its product?

That's the important thing.

The total size of all cryptos has reached $2.65 trillion.

The size of only the 3 largest coins is 2 trillion $ . These are the biggest ones in the market: #bitcoin and #etherum , and the biggest stable coin, #tether. .

The momentum of recent months has not yet been reflected in altcoins, but when the time comes, we will see how those with very good potential among altcoins will act.

My favourites:

- Major exchange and launchpad tokens
- Tokens in trending areas like AI
- New games and brc20 tokens to be released
- Strong blockchain projects that are still less than $1 billion

Examining past formations on the chart provides insight into future price movements.

$BTC experienced a lag of 2-3 weeks while passing its previous peak during the previous bull period. But when it passed, the price continued rapidly.

Altoins joined the rally later.

As for altcoins, usually 10-20 of the strong ones that existed in the previous period are making new peaks, while more of them were listed during that bull period and the potential of fresh projects is higher.

Examining past formations on the chart provides insight into future price movements.

$BTC experienced a lag of 2-3 weeks while passing its previous peak during the previous bull period. But when it passed, the price continued rapidly.

Altoins joined the rally later.

As for altcoins, usually 10-20 of the strong ones that existed in the previous period are making new peaks, while more of them were listed during that bull period and the potential of fresh projects is higher.