On the 30-minute chart, BTC shows a Rising Wedge pattern, which is a bearish sign 📉. BTC has broken the support line and completed a retest around the 94,900.42 area. This confirms the bearish sentiment 🚨. The next target for BTC could be the 87,807.78 area if the downward momentum continues. Additionally, the RSI is trending down, indicating that bullish strength is weakening 📊⬇️. Traders should closely monitor these levels and plan accordingly. Be cautious in this volatile market! ⚠️
BTC CHART
In the 30m time frame, USDT.D shows a Rising Wedge pattern 📈, which is typically bearish. If it breaks above the resistance line at 4.28%, it signals a bullish trend 🟢 for USDT.D and a bearish trend 📉 for BTC. However, if the resistance line rejects the breakout, USDT.D will remain in a bearish state 🔻, leading to a bullish trend 🔼 for BTC. Keep a close watch on this important breakout or rejection, as it will determine the next direction of the market 🚦. Be cautious and monitor the price action! ⚡
USDT.D Chart
I have a bearish sentiment in the short term due to long liquidations, but I am optimistic in the long term. Once the liquidations end, BTC will rise again and easily reach $100k. 📉🔻📈🚀💰
This signal is only for short-term trading, if you want a long-term signal, join my live session on Binance.
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$BTC
