๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐ฎ๐ฆ๐ฉ ๐๐ฅ๐๐ซ๐ญ: ๐๐% ๐๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐
Signal Type: Long
Bitcoin is currently trading within an ascending channel, indicating a long-term bullish trajectory. However, in the short term, the price shows consolidation around a significant resistance zone. The RSI hovers near neutral territory, signaling indecision. While indicators suggest a potential bullish continuation, a breakout above key resistance levels is crucial for confirmation.
On the BTC #Dominance (BTC.D) chart, we observe consolidation after a notable recovery, forming a symmetrical triangle near resistance. The RSI reads neutral at 51, reflecting a lack of clear direction. A breakout above the resistance zone could confirm bullish momentum, while a breakdown may lead to bearish sentiment. Volume confirmation is critical to determine the marketโs next move.
The TOTAL crypto market cap chart reveals a developing cup-and-handle pattern, a bullish structure that suggests upward potential if the handle breaks higher. Currently, RSI stands at 49, indicating neutrality and consolidation near resistance. A volume-supported breakout is essential to validate this bullish setup.
Additionally, the liquidation heatmap highlights significant leverage accumulation at key levels, with notable clusters around $99,000 and $96,000. This consolidation phase reflects market indecision. A break above could lead to a bullish short squeeze, while movement below might trigger bearish pressure. Close monitoring of volume and breakout direction will help identify the trend.
Entry Price: $98,238
Target Price: $99,000
๐ ๐๐ฉ๐ฉ๐ซ๐๐๐ข๐๐ญ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐ค๐
