I can see on this chart 📈 illustrates Bitcoin's price movement in an ascending channel pattern 🔼 on the 1-hour timeframe ⏱️.The RSI indicator 📊 shows a bullish divergence near the oversold zone, signaling potential upward momentum 🔺. Traders are advised to monitor breakout or bounce signals within the channel boundaries for better trade setups .
I can see on the chart 📉 highlights a descending channel pattern, signaling bearish momentum 🔻. Price is moving within declining trendlines, with potential for further downside 📊. The RSI shows overbought conditions ⚠️, indicating possible resistance near the upper trendline. Breakout below support may accelerate the downtrend 📉.
the chart indicates significant liquidity clusters on the upper side, represented by brighter yellow bands 🔶. 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 🔝, impacting price movement! ⚠️
Key levels are marked:
Entry Price 🟢 - $97,300 or Market Price
1st TP 📌 - $100,300
2nd TP 🏁 - $106,500 (Higher target near the upper trendline of the channel)
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