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Coin name- #BTCâ
Signal type- SHORT
I have added a picture of btc chart in this chart as you can see BTC was rejected from upper resistance line again so that I think BTC will touch down support line it will take time for a major correction. I can see that RSI was holding a support line in W timeframe now BTC is below that support line it's also indicate BTC is not that much bullish right now. I can see in W timeframe STOCH RSI also trying to cross to the downside it's a huge bearish sign for mid-term perspective .
I have added another picture of CME gap btc maximum time cover up this gap so that I think BTC will go 54k level again for this gap. Search on trading view BTC1 then you can also see that gap I have marked.
I can see that usdt dominance is bullish. as you can see in my added photos that usdt dominance breakout it's falling wadge resistance line and in longer timeframe it's holding a channel it will touch upper resistance again. BTC has nagative correlation with usdt dominance. when usdt.d dominance is bullish btc and others crypto is bearish.
DXY is us doller index. when us doller is bullish all risky asset is bearish that means btc is also bearish. as you can see that DXY breakout it's resistance line it will pump more so that BTC is bearish.
I think BTC will go 50k-52k level again
$BTC
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