DUSTHere's a simplified version:
1. The RSI shows a hidden bearish signal and there's a rising wedge pattern, both indicating a potential bearish trend.
2. In the daily timeframe, there's a Head and Shoulders pattern forming. If BTC breaks its support line, it could drop by 17%.
3. On the weekly timeframe, the MACD has crossed downwards, suggesting a correction is likely. This often happens before BTC sees a drop.
4. USDT dominance is rising, which usually means BTC moves in the opposite direction. This is because there's a bullish signal in USDT's RSI and MACD.
My plan:
- Entry price: $69,600
- 1st target: $63,000
- 2nd target: $60,000
- 3rd target: $58,000
- Stop-loss: $74,500
- Using 10x-15x leverage
