🚨🚨🚨 BTC Urgent Update 🚨🚨🚨
1️⃣ **Bullish BTC Analysis**: Bitcoin is poised for a significant pump towards the $59,000 range. Following the German government's sale of BTC, the market has been rising steadily, albeit slowly. Key indicators include a bullish W pattern on BTC, positive total liquidity, and a bearish M pattern on USDT dominance, which supports a strong rise. BTC needs to break through the $58,200 level and touch $59,100 for the third time to initiate a strong upward movement. The RSI indicator also shows a stronger bullish W pattern for BTC.
BTCUSDT Perp: 58,092.6 (+1.88%)
2️⃣ USDT.D Analysis: Despite the positive outlook for BTC, USDT dominance (USDT.D) is still negative and is expected to fall from 5.36 to 5.30, then break through 5.25 and continue down to the 5.15 range. This decline increases the likelihood of BTC reaching $62,000 or even $63,000. Last night, BTC retested its support at $56,500, rose, and closed the day with a positive 1D, presenting a great opportunity for a rise. According to my liquidity analysis, we're currently at 2.099 with a goal of reaching 2.118, breaking through to 2.140, touching 2.125 (a crucial level), and then returning to 2.155, 2.165, and ultimately 2.175. This liquidity rise could drive the market to higher levels.
ETHUSDT Perp 3,135.95 (+2.24%)
BNBUSDT Perp: 535.6 (+2.8%)
