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Considering the long-term triangle pattern it’s currently in, the next potential bottom could form around the $90,000 level — or do you think it will break out directly toward $120,000?
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If the daily candle of USDT dominance closes below 4.30%, we could see a drop down to 3.80%, which may push Bitcoin up to $125,000.
However, if dominance closes around the current level (~4.37%), it might pull back to 4.65% first, and then the downward scenario continues.
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RSI is below the trendline, and the candle is also below the trendline.
Where is the price headed?
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So this case is now closed, unless it gives us another entry later.
#h
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His liquidation point is at $108,630.
Even The Wolf of Wall Street wouldn’t have dared to enter a position like that.
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