BTC/USDT best pattern formed to target with 97% accuracy!
It has formed 4 support lines on 1-hour frames, perfectly aligned with the trendline, which is blue in the chart. We expect a decline at the 105-107 level, with 105 potentially acting as a temporary support line for 4-5 hours before it could retest the 101k level.
Looking at the liquidity heat map, the average stop loss is at 105.5-106, making it more probable to reach 105k according to the liquidity heat map. The market is 83% greedy with huge volume support, meaning investment in BTC is increasing while BTC dominance also rises.
In conclusion:
• Next temporary support: 104k for 4-5 hours
• Maintain support: 99k to 100k
• Resistance: 105-107k
• Liquidation heat map for shorts: 106.7k
Signal: Short BTC at 107k or when the market is around 104-105k.
Target: 101k