The chart shows Bitcoin (BTC/USDT) on a daily timeframe, forming a rising wedge pattern, which is often a bearish reversal setup. The price is approaching the wedge's apex, suggesting a possible breakout soon. The RSI reveals bullish divergence with higher lows, supporting short-term bullish momentum. However, bearish RSI divergence at the top hints at a weakening trend. That's why im bullish on this coin
This chart shows the USDT dominance in the crypto market on a daily timeframe, illustrating a descending triangle pattern with a strong horizontal support zone around 3.9%. The price is consolidating near the support, with a breakdown or bounce likely to dictate market direction. The RSI (Relative Strength Index) is forming a bullish divergence, with higher lows while the price moves lower, indicating potential bullish momentum in the near term.
Support Zone: 3.9%, a crucial level to monitor.
Resistance: Downtrend line from the descending triangle.
This chart visualizes liquidation levels and leverage across key price ranges, highlighting potential areas of high trading activity and volatility for Bitcoin (BTC). The horizontal bars indicate clusters of leveraged positions, with bright yellow zones representing high concentrations of liquidation orders. These areas often act as magnets for price movement, as market participants aim to trigger stop-outs.
Currently, Bitcoin's price hovers near $102,000-$104,000, where significant liquidation clusters are visible. This suggests heightened volatility if the price approaches these zones. Above $104,000, resistance appears evident, while support can be identified below $102,000, as seen in the lighter zones.
Traders should watch these key levels closely, as a breach could result in rapid price swings, driven by cascading liquidations.
Entry: 102310.84 or Market Price
1st Tp: 103009.65
2nd Tp: 104606.92
3rd Tp : 109997.70
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$BTC
