This BTC/USDT chart highlights a falling wedge pattern, a traditionally bullish setup indicating potential upward momentum. RSI shows a rebound from oversold levels, suggesting renewed buying interest. The Stochastic oscillator is crossing upwards, signaling bullish momentum. EMAs are starting to converge, hinting at a potential trend reversal. Volume is stable, showing accumulation. A breakout above the wedge resistance could trigger a move toward the $100,000 region. Current price action remains pivotal.
The USDT.D chart showcases a breakdown from a wedge pattern, signaling declining dominance, confirmed by bearish RSI and stochastics indicators. This suggests liquidity is flowing out of stablecoins, correlating with potential market risk-on sentiment. Meanwhile, the BTC/USDT chart highlights a falling wedge nearing breakout with bullish RSI recovery and upward stochastics momentum. Together, they signal possible BTC price recovery while stablecoin dominance decreases, aligning with bullish long-term trends in the broader crypto market.
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The BTC/USDT heatmap shows liquidity concentration near $98,000 and $96,000, indicating potential price reaction zones for volatility.
Trade Details:
Entry: Around 97633.18 ( Join my Binance live for premium crypto signals )
1st Tp: 99110.04
2nd Tp: 100398.43
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