Coin : $BTC
Signal : LONG
Bitcoin is currently undergoing a corrective phase, pulling back toward the Point of Control (POC) of the recent bull market's volume profile—a key area where the most trading activity occurred. If price fails to hold above this level and breaks down, there's a possibility it could retrace further toward the 50-period EMA on the daily chart, which notably aligns with a fair value gap (FVG). This confluence of technical support could act as a potential bounce zone. While the short-term outlook may involve further downside, the broader market structure remains bullish. This pullback could serve as a healthy reset before Bitcoin resumes its upward trend in the long term.
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BTC Dominance (BTC.D) is continuing its bullish momentum after a brief dip, signaling strong confidence in Bitcoin's leadership within the market. With BTC.D holding firm and climbing, a new all-time high for Bitcoin looks increasingly likely. At the same time, USDT dominance is approaching a key resistance level and shows signs of potential rejection—suggesting that capital could soon rotate from stablecoins back into risk assets. This shift would likely trigger fresh inflows across the crypto market, boosting altcoins alongside Bitcoin's next leg up. The stage is set for a powerful move.
Trade setup (don't take entry without proper money management skill and support)
entry - 103,500
tp- 104,800
sl- 102,500
leverage- 15x
this one is a risky trade dont trade without proper trading and money management knowledge.
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