BTC NEXT MOVE — Market Analysis & Trade Signal

Coin: $BTC

Pair: BTCUSDT Perpetual

Current Price: 106,034.9 (+0.81%)

Position: Short

Entry Price: 106,404

Leverage: 10x

1H Chart Analysis:

BTC is currently moving within an ascending channel on the 1-hour chart. On the 15-minute timeframe, a potential double top is forming near the upper trendline—signaling a possible short-term reversal.

• RSI remains in the supply zone, indicating strong selling pressure.

• If BTC retests the upper trendline and confirms resistance, this could be a valid short setup.

Trade Idea: Consider a short with a 1:2 risk-reward ratio, using proper risk management and at your own discretion.

12H Chart Pattern Insight:

Significant liquidity lies just above the current BTC price. A short-term move upward may occur to absorb this liquidity before any major reversal or continuation.

BTC Liquidation Heatmap:

On the 1-hour timeframe, USDT.D (Tether Dominance) is also in an ascending channel. A mild pullback could form a W pattern with bullish divergence, hinting at an upcoming upward move.

• A rising USDT.D generally reflects a risk-off sentiment — often bearish for BTC and the broader crypto market.

Target Levels (Short Setup):

• TP1: 105,000

• TP2: 104,000

• TP3: 103,000

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