đ¨ BTC & Market Update
đ Bitcoin (BTC) Daily Chart ⢠BTC formed an SFP (Swing Failure Pattern) after taking liquidity above the previous high and closing back below it.
⢠This could present a short-term short opportunity, with estimated risk around 1.4%.
⢠The setup becomes invalid if a daily candle closes above the SFP level.
⢠A Bearish RSI Divergence is developing, but confirmation is still pending.
đ Weekly Chart ⢠Around 3 days remain before the weekly candle closes.
⢠A close above the 50 Weekly SMA would be a strong bullish signal.
⢠If BTC also breaks the previous high, there could be strong confirmation that the market bottom is already in.
đ Spot Entry Prices ⢠BTC: ~$66,950
⢠ETH: ~$2,075â$2,079
⢠SOL: ~$82.5
⢠BNB: ~$640
đľ USDT Dominance ⢠USDT Dominance is currently declining, which can be positive for crypto.
⢠A drop toward 6.32% could support a BTC move toward $72,000.
⢠If USDT Dominance bounces from support, BTC may see a short-term pullback before moving higher.
â ď¸ Key Takeaway:
BTC has a short-term bearish setup, but a strong weekly close and breakout of the previous high could significantly strengthen the bullish outlook.
đ Always use proper risk management and never risk more than you can afford to lose.
$BTC
đ Bitcoin (BTC) Daily Chart ⢠BTC formed an SFP (Swing Failure Pattern) after taking liquidity above the previous high and closing back below it.
⢠This could present a short-term short opportunity, with estimated risk around 1.4%.
⢠The setup becomes invalid if a daily candle closes above the SFP level.
⢠A Bearish RSI Divergence is developing, but confirmation is still pending.
đ Weekly Chart ⢠Around 3 days remain before the weekly candle closes.
⢠A close above the 50 Weekly SMA would be a strong bullish signal.
⢠If BTC also breaks the previous high, there could be strong confirmation that the market bottom is already in.
đ Spot Entry Prices ⢠BTC: ~$66,950
⢠ETH: ~$2,075â$2,079
⢠SOL: ~$82.5
⢠BNB: ~$640
đľ USDT Dominance ⢠USDT Dominance is currently declining, which can be positive for crypto.
⢠A drop toward 6.32% could support a BTC move toward $72,000.
⢠If USDT Dominance bounces from support, BTC may see a short-term pullback before moving higher.
â ď¸ Key Takeaway:
BTC has a short-term bearish setup, but a strong weekly close and breakout of the previous high could significantly strengthen the bullish outlook.
đ Always use proper risk management and never risk more than you can afford to lose.
$BTC
