I can see on this chart ๐ illustrates Bitcoin's price movement in an ascending channel pattern ๐ผ on the 1-hour timeframe โฑ๏ธ.The RSI indicator ๐ shows a bullish divergence near the oversold zone, signaling potential upward momentum ๐บ. Traders are advised to monitor breakout or bounce signals within the channel boundaries for better trade setups .
I can see on the chart ๐ highlights a descending channel pattern, signaling bearish momentum ๐ป. Price is moving within declining trendlines, with potential for further downside ๐. The RSI shows overbought conditions โ ๏ธ, indicating possible resistance near the upper trendline. Breakout below support may accelerate the downtrend ๐.
the chart indicates significant liquidity clusters on the upper side, represented by brighter yellow bands ๐ถ. These areas highlight heavy sell-side liquidations or potential resistance zones, where market participants are placing significant orders. A breakout toward these zones could trigger more liquidity grabs ๐, impacting price movement! โ ๏ธ
Key levels are marked:
Entry Price ๐ข - $97,300 or Market Price
1st TP ๐ - $100,300
2nd TP ๐ - $106,500 (Higher target near the upper trendline of the channel)
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