Coin Name: $BTC ☀
It seems many traders are shorting Bitcoin, aiming for liquidations. However, I don’t see any clear bearish signals for BTC at the moment. Those betting against it might be in for a rough time soon.
Looking at the bigger picture, let’s keep it simple: the last time a Bearish Divergence appeared on the RSI, it was invalidated, and BTC surged 23%. Currently, we’re seeing a similar divergence forming, which could also be invalidated, leading to at least a 10% move upward. Many fail to grasp the mechanics of a true bull rally.
We've observed a sharp drop in the BTC Dominance (BTC.D) chart, while Bitcoin's price stays relatively stable. This is a clear indicator to start accumulating Altcoins.
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USDT.D has breached a major support level that has held since 2018, signaling a strong bullish outlook for BTC and altcoins.
Trade Setup:
Entry: Below 99,000
Take Profit (TP): 106,000
Stop Loss (SL): 94,000
Asset: $BTC
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