The BTC/USDT chart on the 1-hour timeframe indicates a potential bearish sentiment for the shorter term, with price consolidation and resistance near $95,000. Indicators like RSI and Stochastic RSI show weak momentum, suggesting a lack of immediate bullish strength. However, the longer-term outlook appears promising, supported by a bullish continuation pattern and recovery signals. This aligns with the idea that BTC remains bearish for shorter time frames but holds bullish potential in the longer perspective, aiming for a trend reversal.
The USDT.D chart on the 4-hour timeframe indicates bearish momentum for the dominance metric. The breakdown from the ascending channel and declining RSI suggests weakening bullish momentum. Additionally, Stochastic RSI is oversold, reinforcing the potential for further declines in USDT dominance. This aligns with the narrative that Bitcoin remains bearish for shorter time frames, as falling USDT dominance often coincides with a shift of capital back into BTC or altcoins. The broader outlook for BTC remains bullish for the longer timeframe.
This heatmap chart shows liquidity concentration around key levels, indicating bearish sentiment for BTC in the shorter timeframe. Longer-term bullish momentum remains intact.
Trade Details:
Entry: Around 93944.37 ( Join my Binance live for premium crypto signals )
1st Tp: 95293.61
2nd Tp: 96575.39
3rd Tp : 97081.36
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