The BTC chart shows a bearish short-term outlook, with the price breaking below a critical support zone in a descending triangle pattern. RSI is trending downward, reflecting weakening momentum, while stochastic indicators indicate oversold conditions. The Bollinger Bands suggest increased volatility, with price action leaning toward further downside. Volume profile highlights reduced buying interest near current levels. Overall, the technical indicators align with a bearish sentiment for the shorter timeframe, while the longer outlook requires confirmation of trend reversals.
The USDT.D chart indicates a short-term bullish trend as dominance rises within an ascending channel. RSI reflects moderate upward momentum, while stochastic oscillators suggest potential room for further upside before overbought levels. Bollinger Bands highlight a controlled price expansion, aligning with ongoing stability. However, breaking key support within the channel may shift the bias bearish. The chart's overall structure suggests cautious optimism in the shorter term, though BTC dominance remains likely to influence the broader trend. Further confirmations are essential.
This BTC liquidation heatmap reveals significant liquidity concentration around $93,000 and $96,000 levels, with downward pressure evident. The chart suggests bearish sentiment for the short term as sellers dominate key zones. Confirmation is required. So BTC is bearish for shorter time frame and bullish for longer time frame.
Trade Details:
Entry: Around 94573.79 ( Join my Binance live for premium crypto signals )
1st Tp: 92457.56
2nd Tp: 90839.26
3rd Tp : 89345.45
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