Bitcoin (BTC/USDT) chart presents a clear cup-and-handle pattern โ, signaling a potential bullish continuation ๐. The price has consolidated above the EMA ribbon ๐, maintaining upward momentum. The handle formation near $95,000 indicates resistance testing ๐ before a breakout attempt towards $100,000+ ๐. The RSI shows strength ๐ช, suggesting buyers are gaining control, though monitoring for overbought conditions is crucial โ ๏ธ. If the breakout confirms, it could align with the target zone ๐ฏ marked above $103,000. However, failure to break resistance could lead to a short-term retracement ๐.
This chart illustrates USDT dominance consolidating within a descending triangle pattern ๐ป, indicating weakening strength in stablecoins relative to the market. The EMA ribbon ๐ shows bearish alignment, supporting a downtrend ๐. The RSI remains near oversold levels ๐, signaling potential for further downside. A breakdown of the triangle may push dominance toward 3.75% ๐ฏ, suggesting capital is flowing into risk-on assets like BTC ๐. This aligns with a bullish outlook for Bitcoin, as declining USDT dominance typically correlates with market optimism ๐ and an increase in BTC's price. Confidence in BTC's bullish momentum is supported. ๐ช
This BTC/USDT liquidation heatmap shows dense liquidation clusters ๐ฅ around $95,000-$100,000, highlighting leverage activity ๐. Rising price levels ๐ and concentrated liquidations signal bullish momentum ๐, attracting aggressive buyers. ๐ช
Entry: 96584.48$ or Market Price
1st Tp: 98007.26
2nd Tp: 99827.83
3rd Tp : 101759.17
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$BTC #swap_crypto
