BTC Dump Alert
On the 30-minute chart, BTC shows a Rising Wedge pattern, which is bearish 📉. BTC has already broken the support line and completed a retest around the 94,900.42 zone. This confirms the bearish sentiment 🚨. The next target for BTC could be the 87,807.78 zone if the downward momentum continues. Additionally, the RSI is trending downward, signaling weakening bullish strength 📊⬇️. Traders should watch these levels closely and plan accordingly. Stay cautious in this volatile market! ⚠️
In the 30m time frame, USDT.D shows a rising wedge pattern 📈, which is typically bearish. If it breaks out above the resistance line at 4.28%, this signals a bullish trend 🟢 for USDT.D and bearish 📉 for BTC. However, if the resistance line rejects the breakout, USDT.D remains bearish 🔻, leading to a bullish trend 🔼 for BTC. Watch closely for a breakout or rejection at this critical level, as it will determine the next market direction 🚦. Stay cautious and follow the price action! ⚡
I'm bearish in the short term due to long liquidations, but bullish for the long term. Once the liquidation clears, BTC will rise again and easily reach 100k$ . 📉🔻📈🚀💰
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$BTC