BTCUSDT Analysis by @planfomo

Total Quality
Score
103660
103001.0000000000
91000
BTCUSDT
1H
Fail
Free
Analysis Predict Bear Market
Technical
The analysis focuses on ETHUSD and BTCUSD. ETHUSD faces rejection at a resistance level, potentially leading to a drop to $2000, aligning with Fibonacci golden zone and a legacy key level. The analyst expects to re-enter a buy position around this target price. Alternatively, a breakout above the ascending resistance trendline could trigger a bull run. For BTCUSD, the analyst observes Bitcoin dominance increasing which is making the analyst be unsecured to open any long position. The potential target would be after the next retracement at $91000 forming an inverse head and shoulders if the rally is not over and break the neck line. The level that would invalidate the analysis is the current resistance line. These predictions are based on technical chart patterns and Fibonacci levels.
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