This BTC/USDT daily chart highlights a classic Head and Shoulders formation, which might be bearish upon the violation of the support line. The RSI, at 44.13, is near oversold, which should give some support. For the Stochastic oscillator, the reading of 20.73 allows for a possible upward bounce if the bulls take over again. In such a case, breaking below the key support line could only send BTC lower to lower levels. If not, a rally may follow. The moment requires patience, and a lot of attention should be given to making a decisive move. Technically bearish but bullish potential if support holds. Wait and watch!
USDT Dominance Breakdown Might Be a Bullish Signal for BTC Well, this USDT Dominance chart reveals a Head and Shoulders pattern which could mean a breakdown in USDT dominance if it breaks the neckline. Indicators such as RSI (47.63) and Stochastic (40.47) are neutral but still pointing to further downside for USDT dominance. Usually, when USDT.D goes down, it means a bullish move in BTC as capital is flowing back into crypto assets. Paired with the BTC chart showing consolidation near key support, a significant rally in BTC could occur if USDT.D declines. Watch the neckline and volume for confirmation; this is a very important inflection point in the market. Stay sharp and ready!
Binance BTC/USDT liquidation heat map shows that the buy-side liquidity at lower levels is huge, around $93,000-$95,000, which acts as strong support. With reduced sell pressure above $100,000, BTC is due for a bullish reversal in the longer time frame. This goes in line with ongoing market accumulation trends, reinforcing BTC's potential upside momentum. Keep your eyes on it! So btc coin is bullish for longer time frame.
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