Coin name- #BTCUSDT.
Signal type- Long
The chart reflects Bitcoin's weekly timeframe with a rising wedge formation,
which is typically bearish, alongside a rejection from the weak high zone. The RSI
indicates overbought levels easing, and price approaches key support zones.
Despite recent bearish pressure, long-term bullish momentum may sustain above
the trendline and support levels.
The BTC Dominance chart shows a rejection from a key resistance level at 58.8%, forming a potential bearish divergence. A descending triangle hints at bearish continuation. However, long-term dominance remains near a multi-year high, indicating strength. Momentum indicators suggest consolidation or slight retracement before a decisive trend emerges.
The Coin glass liquidation chart highlights elevated long liquidations around the $94,000 zone, reflecting bearish pressure. Dense liquidation clusters signal resistance above current levels. With consistent leveraged positions being liquidated, the sentiment leans bearish in the short term. Recovery depends on volume influx and liquidation absorption at key support zones.
Entry Price- 93,300
T/P- 95,000
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