COIN - $BTC
SIGNAL - LONG
Based on the BTC/USDT chart, the overall trend indicates a bullish outlook for the longer time frame. The chart shows a breakout potential from the descending resistance line, while the EMA ribbon acts as a strong support zone. RSI is recovering from bearish conditions, signaling a reversal toward strength. Stochastic RSI displays oversold levels, hinting at an upward momentum. The horizontal support zone around $91,792 aligns with strong buyer interest. Overall, Bitcoin remains bullish for the longer-term horizon.
The USDT Dominance chart indicates a bearish trend. A rising wedge pattern has formed, typically signaling a potential breakdown. The RSI shows bearish divergence, suggesting weakening momentum. Stochastic RSI is retreating from overbought conditions, indicating further downside potential. The EMA ribbon has started to flatten, reflecting reduced bullish strength. A decline in USDT dominance aligns with bullish sentiment in the broader crypto market, confirming support for BTC’s long-term bullish outlook. This setup strongly suggests continued downside for USDT dominance.
The heatmap reveals substantial liquidation clusters near $96,000, indicating strong resistance. However, reduced sell pressure and steady price accumulation within this range suggest consolidation. This signals potential bullish momentum for BTC in the longer time frame.
Trade Details:
Entry: Around 95292.13 ( Join my Binance live for premium crypto signals )
1st Tp: 101809.53
2nd Tp: 104158.14
3rd Tp : 106624.18
$btc
Important
Click on my profile picture to join my live stream, for 2-3 free signals.
If you want a premium signal you have to follow my live-stream instructions.
