The BTC chart shows a bullish setup for the longer time frame. The falling wedge pattern indicates a potential breakout to the upside. EMA ribbons are compressing, suggesting a possible trend reversal, while Stochastic RSI is rebounding from oversold levels, adding to bullish momentum. The RSI also supports upward movement as it shows signs of recovery. The volume profile indicates strong buying interest near support levels. Overall, BTC is positioned for bullish continuation in the longer time frame.
The USDT.D chart indicates a potential bearish outlook for the shorter time frame. The visible head-and-shoulders pattern is signaling a breakdown possibility, with the neckline already being tested. EMA ribbons are showing signs of flattening, which could signal diminishing strength. The RSI is turning downward from overbought levels, while the Stochastic RSI also suggests a bearish reversal. If the breakdown occurs, it could confirm a decline in USDT dominance, supporting a bullish scenario for BTC in the longer time frame.
The chart reflects consistent liquidations near critical price zones, particularly around $96,000. Despite short-term consolidations and bearish pressures, liquidation clusters suggest strong support levels are intact. This points to a longer-term bullish trend for BTC.
Trade Details:
Entry: Around 95003.68 ( Join my Binance live for premium crypto signals )
1st Tp: 97289.55
2nd Tp: 99177.88
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