Cryptorphic

#BTCUSDT at decisive point. Triple bottom in play?

BINANCE:BTCUSDT   Bitcoin / TetherUS
42k is a crucial level for BTC to hold.
Triple bottom formation in play.
Bullish divergence in RSI.
If the triple top in USDT Dominance works out.
We are likely to bounce from here.
But it's always better to stay extra careful when you are trading a market that never sleeps.

Close below $40.9k will tigger a rally towards 38k which has been plotted as scenario (LESS LIKLEY BUT POSSIBLE)

Let me know your thoughts.
Do hit the like button if you want me to post more of these short updates during unusual market behaviour.

Thank you


#PEACE

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