Bitcoin is facing a pivotal moment! The $BTC/USDT daily chart is showing a classic Head and Shoulders formation, a potential bearish signal if the key support line is breached. The Relative Strength Index (RSI) stands at 44.13, approaching oversold territory, which could provide some support. Meanwhile, the Stochastic oscillator reads 20.73, suggesting that if the bulls regain control, an upward bounce could be imminent.

📉 Bearish Scenario: A break below the support line could signal further downside, pushing Bitcoin to lower levels. The Head and Shoulders pattern indicates a potential continuation of the downtrend if support fails to hold.

🚀 Bullish Scenario: However, there's still hope! If Bitcoin manages to hold above key support, a rally could follow, fueled by the current neutral RSI and Stochastic readings. This creates a potential for a bullish reversal if the bulls take charge and push Bitcoin upwards. The key to watch is the support level—will it hold, or will the bears take over?

⏳ Patience is Key: The moment is critical. With Bitcoin stuck at a major inflection point, traders need to stay vigilant. It’s a technical setup that suggests bearish potential, but also a chance for an explosive rally if the support holds.

🔑 Key Levels to Watch:

Support: Critical level for Bitcoin to hold, around $93,000-$95,000 (Binance BTC/USDT liquidity heat map showing massive buy-side support)

Resistance: $100,000, reduced sell pressure above this level opens up room for a bullish move.

RSI: Near oversold at 44.13—potential for upward momentum if buyers step in.

Stochastic: Currently at 20.73, could suggest a bounce if the bulls take control.

📊 USDT Dominance Breakdown – A Bullish Signal for BTC: On the USDT.D (USDT Dominance) chart, a Head and Shoulders pattern is forming, signaling a potential breakdown in USDT dominance if the neckline is broken. RSI at 47.63 and Stochastic at 40.47 are neutral but still leaning towards further downside for USDT dominance. A drop in USDT.D typically signals capital flowing back into crypto assets, which could mean a bullish move for Bitcoin. Watch the neckline and volume for confirmation—this could be a significant catalyst for BTC’s next big move!

💥 Binance BTC/USDT Liquidation Heat Map: The heat map reveals significant buy-side liquidity at lower levels, around $93,000-$95,000, providing strong support. With reduced sell pressure above $100,000, the longer-term trend for Bitcoin looks bullish, indicating the potential for a major reversal. This aligns with ongoing market accumulation trends, making Bitcoin a prime candidate for upside momentum in the longer term.

🔔 What’s Next for Bitcoin?: Stay sharp, as Bitcoin is at a major inflection point. With support holding strong and USDT dominance weakening, we could see a bullish reversal in the near future. Keep an eye on the key levels and volume for confirmation.

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