Yigit Taha OZTURK 
As volatility increases in the crypto market, Bitcoin (BTC) and Ethereum (ETH) are trading at key levels. BTC is approaching psychological resistance zones, while ETH continues its upward momentum. BTC dominance has also reached critical levels, influencing the altcoin market. Here is the latest market analysis:
Bitcoin (BTC) Analysis
Bitcoin (BTC) has gained 1.12% in the last 24 hours, reaching $92,150. BTC has regained the $87,500 support and is currently trading within the bearish FVG (Fair Value Gap) region. If this resistance is broken, BTC could push towards the $100,000 level. However, if Bitcoin faces rejection at this zone, the next major support is the bullish FVG region. A breakdown below this support could trigger a further decline towards $85,000.
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Ethereum (ETH) Analysis
Ethereum (ETH) has increased 3.05% in the last 24 hours, reaching $2,350. ETH found strong support in the $2,050 – $1,950 range and successfully reclaimed the $2,150 and $2,200 levels. The next major resistance zone is the bearish FVG region. If this level is surpassed, $2,800 could be the next target. However, if ETH fails to hold above $2,150, a retracement back to the $2,050 – $1,950 support range could occur.
Bitcoin Dominance (BTC.D) and Overall Market Outlook
BTC dominance is currently at 61.80%. The 62.00% resistance level is a crucial zone for further upward movement. If BTC dominance surpasses this level, it could continue rising toward 64.00%. However, if it gets rejected at this resistance, the next support zone will be the bullish FVG area. A break below this level could lead to a decline toward the 59.00% support zone.
The altcoin market remains largely dependent on BTC’s movements. If Bitcoin breaks out strongly, altcoins may experience a downtrend. However, if BTC consolidates within a range, some altcoins could witness significant gains.
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