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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.
@cryptoboxtobox
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RSI is below the trendline, and the candle is also below the trendline.
Where is the price headed?
#btc
@cryptoboxtobox
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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.
@cryptoboxtobox
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#btc
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👉 If the price action is truly aiming to complete this pattern, then it shouldn’t go much higher than the 120,000 area.
If it does go above that level, then the chart setup would be invalidated.
#btc
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