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Coin name- #BTC
Coin name- #BTC
Signal type- Short
Based on the chart, Bitcoin seems to be trading within an ascending channel, indicating a generally bullish trend in the long term. However, short-term price action shows consolidation within the resistance zone, with RSI indicating neutral momentum. Indicators suggest potential for bullish continuation, but confirmation is needed above key resistance.
The BTC.D chart shows consolidation after a sharp recovery, forming a symmetrical triangle near resistance. RSI is neutral at 51, indicating indecision. If dominance breaks upward, it signals bullish continuation. However, rejection at resistance and triangle breakdown could lead to bearish sentiment. Confirmation from volume is crucial for direction.
The TOTAL crypto market cap chart shows a cup-and-handle pattern forming, a bullish signal if the handle breaks upward. RSI is neutral at 49, indicating indecision. Consolidation near the resistance zone suggests potential for a breakout. Volume confirmation is key to validating a bullish continuation from this structure.
This liquidation heatmap reveals significant leverage at key price levels, with clustering around $99,000 and $96,000. The current consolidation suggests market indecision. High liquidations above could trigger a bullish short squeeze, while liquidations below may induce bearish pressure. Monitoring volume and breakout direction is essential for confirmation.
Entry Price- 98,238
T/P-99000
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