The BTC/USDT chart presents a bullish cup-and-handle pattern, which might provide a possible breakout. The RSI at 63.48 and Stochastic RSI at 83.84 show the price's bullish momentum, keeping above key supports. Volume is gaining upward momentum, showing great buying pressure. With the price at near-resistance levels, BTC is well-positioned for more upside that would correlate with a bullish bias for the higher timeframe.
USDT Dominance chart shows a consolidation in the form of a symmetrical triangle that is potentially leading to a breakdown. RSI at 49.47 shows neutral momentum, but the price is testing key support. If USDT dominance keeps falling, then this may mean that capital is flowing into Bitcoin, and this will lead to a bullish projection of the BTC/USDT in the higher time frame. Market conditions show further strength continuation of BTC.
The BTC liquidation heatmap is also very constant in price action with comparable support held. Lack of major liquidation spikes shows consistent buying pressure. This, if anything, points toward a very bullish outlook for BTC longer-term.
Trade Details:
Entry: Around 104842.95 ( Join my Binance live for premium crypto signals )
1st Tp: 105486.97
2nd Tp: 106230.08
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