Coin Name: #BTC
Bitcoin 4-hour chart shows a descending channel with BTC currently testing the blue downtrend resistance line. If BTC breaks above this blue trendline with strong volume and price action, it could indicate a reversal toward the upper white trendline, potentially moving higher. However, failure to break this resistance could result in further downside, continuing within the descending channel toward the lower white trendline. The MACD is attempting a bullish crossover, and RSI is near the demand zone, suggesting possible upward momentum if buyers step in. Volume confirmation will be crucial for any breakout.
Here 4-hour chart shows USDT dominance moving within an ascending channel, indicating a steady increase. Currently, it's near the upper trendline, facing resistance. If it breaks above, USDT dominance could rise further, signaling risk-off sentiment in the crypto market. However, rejection at this level may lead to a pullback toward the lower trendline. The RSI is in the supply zone, suggesting overbought conditions, while the MACD shows bullish momentum but could weaken if selling pressure increases.
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$BTC
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