BTC Dump Alert !!
Bitcoin showing a bearish Head and Shoulder on the 4-hour timescale. Thus, the level that is already approached by price is a bit lower than that very important line of support lying around $97,000, failing which prices may decline back to $ 85,131.43 approx. Volume does indicate an upwards trend, making the move slightly strong. By MACD the bearish momentum can be realized since the crossover of the blue line below orange has taken place.
The chart indicates USDT market cap dominance breaking a resistance trendline, reaching as high as 4.58%. This drives the indication of bullish momentum for USDT. When dominance by USDT increases, this might mean a bearish trend against BTC, as funds may move away from Bitcoin into stablecoins.
Trade Details:
Entry: Around 97919.80 ( Join my Binance live for premium crypto signals )
1st Tp: 91347.90
2nd Tp: 87801.15
3rd Tp : 85297.57
$BTC #swap_crypto
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