BTC/USDT is trading while forming a bearish divergence. 👀 W | THE DOCTOR CRYPTOHUB na Binance Square

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THE DOCTOR CRYPTOHUB

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BTC/USDT is trading while forming a bearish divergence. 👀We are expecting a small wick on the bearish divergence.👌

Izjava o omejitvi odgovornosti: Vključuje mnenja tretjih oseb. Ni finančni nasvet. Lahko vključuje sponzorirano vsebino. Glejte Pogoje.

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THE DOCTOR CRYPTOHUB

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At the end of the day, yesterday's candle closing was bullish, based on which the market was able to break the trendline resistance. Now, multiple daily candle closings above this range and a retest are required. And yes, for this to happen, the ongoing daily candle must definitely have a positive and healthy close.😃

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Bitcoin Market Update | BTC is currently trading below a strong trendline resistance level, which is around the 100k price range. I expect the market to create a wick above this trendline resistance and then fall back. However, if the market manages to close multiple daily candles above this range, I believe we could see another rally from there. Additionally, since Trump is expected to take power next week, this could bring even more strength to the market.

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🇺🇸US CPI data today Expectations 2.9% Last Month 2.7% This scenario would be bullish for the crypto market. Conversely, if the CPI data comes in lower than expected, it could strengthen the U.S. dollar and dampen demand for cryptocurrencies, making the market bearish.

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BTC just missed touching our liquidity box and is pumping hard from there. Currently, it is moving to grab the liquidity around the $98,500 range. After that, we might see another correction from there. However, I want to inform you that if BTC can close multiple daily candles above the $97,500 range, it will turn bullish from there

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Market update | BTC has completed the 91k zone and has made a sharp pullback from there, currently trading around 94k to 95k. The market can fall from the current zone as well, but if it pumps, we might see it go up to a maximum of 98k, from where it will definitely face rejection. Overall, the market remains bearish up to our liquidity box, as I informed you a few weeks ago.

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