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Bitcoin is showing signs of weakness after forming a Rounded Top pattern on the daily chart. This structure often signals a distribution phase, leading to a potential breakdown.
🔍 Key Observations: ✅ BTC attempted to hold above $98,000, but the selling pressure increased. ✅ The Rounded Top pattern suggests a gradual loss of bullish momentum. ✅ Support Trendline (Blue Line): Holding around $97,300, a crucial level.
⚠️ Possible Scenarios:
📉 Scenario 1 – Bearish Breakdown: 🔻 If BTC drops below $96,500, we could see a sharp decline towards $92,500 - $89,500. 🔻 Increased selling volume will confirm further downside.
📈 Scenario 2 – Bullish Rebound: 🚀 BTC finds support above $97,300 - $97,500, leading to a push towards $98,800 - $100,500. 🚀 Watch for a strong bullish candle and volume confirmation.
🔸 RSI & MACD Indicators: 👉 RSI is below 50, indicating mid-range bearish momentum. 👉 MACD is showing early signs of a bullish crossover, hinting at a possible short-term bounce.
💎 Conclusion: If BTC holds the support trendline, we may see a temporary relief bounce. However, a break below $96,500 could trigger a significant sell-off. Keep an eye on whale manipulations, as they might dictate the next move!
📊 Trade wisely & wait for confirmation before entering positions!
$TST is experiencing a sharp decline, showing a -16.76% drop in the last 24 hours. Is this a buying opportunity or just another bearish trap? Let's analyze! 👇
🔹 📊 Market Trend Overview
$TST hit a 24H high of $0.1245 and dropped to a low of $0.0968.
EMA (7) = $0.1076 and EMA (25) = $0.1385, indicating a strong downtrend.
The 4H chart shows continuous bearish momentum with no signs of immediate recovery.
🔹 💰 Buy or Sell?
RSI (6) = 19.82 → Oversold zone! (Indicating a possible reversal or consolidation soon).