The BTC chart showcases a falling wedge pattern on the 1-hour timeframe, a bullish reversal indicator. Price action remains above key support levels, with indicators like RSI rebounding from oversold zones, suggesting momentum build-up. With the 50 EMA trending upward and volume consolidation, BTC is likely poised for a bullish breakout, aligning with its longer-term upward trajectory.
The USDT dominance chart on the weekly timeframe indicates a bearish structure. A clear breakdown from the neckline of the head-and-shoulders pattern suggests further downside potential. Indicators such as the Stochastic RSI are in oversold territory, pointing towards diminishing momentum. If this downtrend continues, it aligns with the bullish outlook for BTC, as reduced USDT dominance typically signals capital flow into cryptocurrencies like Bitcoin.
The heatmap suggests BTC remains in a consolidation phase, with strong liquidity zones near $96K. While shorter-term movements are neutral, longer-term sentiment aligns bullish due to capital inflows.
Trade Details:
Entry: Around 95854.44 ( Join my Binance live for premium crypto signals )
1st Tp: 99080.54
2nd Tp: 100652.24
Important 👇
Click on my profile picture to join my live stream, for 2-3 free signals.
If you want a premium signal you have to follow my live-stream instructions.