The BTC chart displays a Bull flag, a classic continuation pattern, signaling bullish potential. RSI shows bullish divergence, suggesting strong upward momentum. While BTC might see minor corrections short-term, the indicators collectively point to a bullish longer time frame outlook.
The BTC.D chart shows a Bear flag pattern, signaling a likely bearish move in BTC dominance in the short term. RSI and stochastic indicators confirm weakening momentum. This implies Bitcoin may underperform temporarily, creating an opportunity for altcoins to rally. However, in the longer time frame, BTC retains its bullish structure, aligning with an expected recovery in dominance after altcoins see gains.
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The USDT dominance chart displays a Bear flag, signaling a potential decline in dominance. RSI and stochastic indicators confirm weakening momentum, aligning with bearish short-term movement. A drop in USDT dominance typically signifies funds flowing into altcoins and BTC, supporting BTC's bullish longer time frame outlook. Short-term caution advised for USDT.
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The chart suggests consolidation in the current range, with limited momentum shifts. Short-term neutrality prevails, aligning with BTC's potential bullish trajectory in the longer timeframe. Patience is key for breakout confirmation.
Trade Details:
Entry: Around 97786.26 ( Join my Binance live for premium crypto signals )
1st Tp: 99652.25
2nd Tp: 101678.18
3rd Tp : 103384.23
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