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BTC's 2-hour chart paints a clear picture a classic rising wedge, a pattern known for hinting at bearish reversals. The price is tightening with higher highs and lows, building pressure like a spring ready to snap.
If support gives way, expect a swift bearish breakdown a move that could trigger sharp downside momentum. The chart doesn’t lie; this setup looks primed for action.
BTC/USDT is showing overbought signals, with RSI initially at 73.95 and now dropping to 68.23, indicating fading momentum. Despite higher highs in price, this bearish RSI divergence hints at a potential trend reversal. Caution is advised as a pullback may be imminent.
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Liquidity acts like a magnet, attracting the price toward zones of high activity as the market naturally moves in their direction. Currently, the price is trending downward and seems poised to target the liquidity near the $95,683 level.
Signal Type : Short
Entry: 97,986.20 or market price
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1st Tp: 96,132.66
2nd Tp: 96,420.47
3rd Tp :96,743.51
SL: 97,028.45
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