Key Zone: Testing resistance at $106,000–$106,400.
Outlook: Holding above the zone signals potential upside continuation.
Bitcoin is currently trading near the key resistance zone around $106,000. Holding above this level could confirm bullish momentum and signal further upside.
For a bearish scenario, Bitcoin would need to fall back below the $106,000 resistance zone and break below the triangle breakout point near $104,900.
The chart shows Bitcoin dominance forming a rising wedge, typically a bearish pattern. Price is near the wedge apex, signaling an imminent breakout. A move up suggests stronger BTC dominance; a breakdown could favor altcoins.
ENA/USDT shows a completed Head and Shoulders pattern with a neckline break, signaling bearish continuation. Price is below key resistance, suggesting further downside unless a breakout occurs. It is currently trading at resistance near the uptrend line. A breakout and retest could make an uptrend reversal.
Potential Head & Shoulders Pattern forming. Key Levels: Watch the neckline support around $103,500 - $104,000. Outlook: A break below confirms bearishness; a strong bounce above the right shoulder peak ($105,000+) invalidates it. Monitor closely.