It’s been 14 years since the first purchase made with #Bitcoin. On May 22, 2010, someone bought two pizzas for 10,000 BTC — a milestone in crypto history that later became known as Bitcoin Pizza Day.
@BinanceTR is celebrating this iconic moment with an event on Friday, May 17, at @demarkeagency in Ataşehir. I won’t be able to join as I’ll be in Ankara, but for those in Istanbul, it sounds like a great community meetup — good conversation, good people, pizza, and a bit of nostalgia.
If you’d like to attend, just fill out the form on BinanceTR.
The fact that Btc and Usdt Dominances are sellers has mobilized altcoins. #usdt dominance has also broken the 4.61 support. Even if there are small increases, the decline may continue. The target of the bearish Libra formation formed in USDT Dominance is the 3.73 level. Exit from usdt is evaluated as altcoin or btc purchase. Generally, declines in usdt dominance benefit altcoins. #btc Dominance has experienced a shooting pressure. The decline begins at closings below 60.21, which further relaxes the alts.
#ETH has finally moved, breaking the downtrend. The 2409 level can be monitored on the daily chart. As long as it stays above this level, the possibility of an upward trend continues. The next resistance is in the 3965-4093 range. A breakout could lead to another attempt at the peak. The 2711 level is the fib 0.618 resistance. If it cannot maintain above this level, a pullback may occur. These pullbacks are a retest of the breakout. Once a confirmation of the reversal is received, the upward trend will continue again.
#btc continues to move in the 100881-105819 region. It may test the resistance in the 106-109 thousand range. If it passes this area with a strong candle and closes above it, the resistance will be broken. The resistance at the 114000 level will be significant in the upward movement. If a close occurs below 100881, we will follow the support area at 97947. As long as it stays above 93377 during the day, the expectation for an upward movement continues. If a daily close occurs below 93377, the pink box in the 91652-90479 region is a support area.
#btc A closing below 102315 occurred in the 4-hour timeframe. It reacted from the first support. However, we will closely monitor this area. If it cannot maintain a position above the highest value it saw yesterday, which is 105819, another drop may occur.
If a closing below occurs, the levels 100881-97947 (these measurements are redone as peaks change, so they may differ slightly from the levels I provided yesterday) are Fibonacci retracement levels that could act as support.
If it passes the peak at 105k and the resistance in the 106-109k region (an area where BTC has not achieved a candle close since December 2024) with a strong candle and closes above, the resistance will be broken. If the rise continues, the resistance at the 114000 level will be significant.
One of the important levels we will monitor is 93377. As long as it stays above this level on the daily chart, the expectation for an upward trend continues. If a daily closing occurs below 93377, the pink box in the 91652-90479 region is a support area.
#btc The 106-109 zone is a region where BTC has not been able to close with a candle since December 2024. If BTC passes this zone with a full candle and closes above it, the resistance will be broken. If the rise continues, the resistance at the level of 114000 will be significant. As long as it does not close below 102315 on the 4-hour chart, the possibility of an increase continues. If a close occurs below, the 100372-97641 Fibonacci correction levels may act as support. One of the important levels we will monitor is 93377. As long as it stays above this level, the expectation of an increase continues. If a daily close occurs below 93377, the pink box in the 91652-90479 region is a support area.
#btc The likelihood of a rise towards the peak continues. However, the upper pink box is a zone that it has been trying to break since December 2024 without a candle closing above it. If it passes with a strong candle, we can say it has been broken. Additionally, if a new high occurs, the resistance at the level of 114,000 will be significant. If there is a pullback from the current area, the Fibonacci correction levels of 99,983-97,460 can act as support.
One of the important levels we will be tracking is 93,377. As long as it stays above this level on the daily chart, the expectation for an upward movement continues. If there is a daily close below 93,377, the pink box in the region of 91,652-90,479 represents a support area, and once a reversal confirmation is received, an upward movement may occur again.
"Trading tests not just your strategy but your character as well. The market will test your patience, discipline, and ego long before it rewards your skill."
In the analysis I did on April 28. We mentioned that after breaking the blue downtrend in Iota on the daily chart, 0.2380 was a resistance. Just as we expected, it was rejected from the resistance and found buyers at the first support zone of 0.19. Closing below 0.1868 can be followed with a stop. In case of closures above 0.2380, it may test the upper resistances.
#ETH has remained above 1731 on the daily chart, indicating the continuation of the upward potential as it has reached the blue trend. A close above the 2099 resistance has occurred, but it has not yet broken the descending trend according to the angle it has come from. When it breaks the trend and closes above it, the upward movement will continue.
In pullbacks, the blue box in the 1848-1731 region acts as support. Once confirmation of a reversal is received, the upward movement will continue again. If these pullbacks occur after the trend break, they are considered a retest of the break.
#btc had a daily close above 102000. An upward movement towards the peak may occur. If a new high is reached, the resistance at the 114000 level will be significant.
Small corrections may occur in between. If a correction happens, the 99983-97460 fib correction levels can act as support. One of the important levels we will follow is also 93377. As long as it stays above this level, the expectation for an upward movement continues. If a daily close occurs below 93377, the pink box in the 91652-90479 region is a support area, and when a reversal confirmation is received, an upward movement may occur again.
As long as #ETH remains above 1731 on the daily, the likelihood of an increase continues. The main increase will occur when it breaks the blue descending trend on the daily and closes above 2099. This way, it will have broken the downtrend and a possibility of an increase will arise. I have marked the potential support and resistance levels we will follow on the chart.
#usdt shows a selling image. A close below 4.95 deepens the decline. This also means exiting from usdt. The market interprets this as either buying altcoins or btc. Generally, declines in usdt dominance benefit altcoins. If #btc dominance faces selling pressure at the resistance level of 65 and declines begin on closes below 60.21, this will further relieve the altcoins. On closes above the 65 resistance, the next resistance levels are around 72.
"Every trader needs to remember this 👇 In trading, less truly is more. Less setups → More clarity Less screen time → Better decisions Less distraction → Sharper focus Less impulsiveness → Stronger discipline Simplify. Focus. Execute."
The Fed kept the interest rate unchanged. It was already expected to keep it unchanged. Powell will speak in 30 minutes, I don't think he will say anything surprising.