The moves up to the 107K region are still just corrections in my view.
During previous tests of the rising channel support, we had clear hidden bullish divergences on RSI, MACD, and Stochastics which resulted in strong and fast recoveries. However, in the current test, when we also take USDT.D dominance into account, the picture looks more cautious.
USDT dominance has broken above its long-term descending trendline and is now holding above it. This indicates increasing demand for stablecoins and a risk-off tone in the market something we should not ignore.
As long as BTC holds above $90,500, the market remains safe within the broader structure. But a daily close below $90,500 could open the door for a deeper correction toward the major horizontal support in the $69K–$70K zone.
This is my current BTC outlook stay cautious and manage risk accordingly. 📉📈
This is not financal advice.
During previous tests of the rising channel support, we had clear hidden bullish divergences on RSI, MACD, and Stochastics which resulted in strong and fast recoveries. However, in the current test, when we also take USDT.D dominance into account, the picture looks more cautious.
USDT dominance has broken above its long-term descending trendline and is now holding above it. This indicates increasing demand for stablecoins and a risk-off tone in the market something we should not ignore.
As long as BTC holds above $90,500, the market remains safe within the broader structure. But a daily close below $90,500 could open the door for a deeper correction toward the major horizontal support in the $69K–$70K zone.
This is my current BTC outlook stay cautious and manage risk accordingly. 📉📈
This is not financal advice.
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