#BTC/USDT


🔍 Price Action Overview:
• During the weekend, a Doji candle formed first — signaling market indecision.
• After that, a strong Bullish Engulfing candle gave a decisive breakout above resistance and the 20 EMA.
• Currently, another Doji candle is developing, holding above resistance and the 20 EMA — indicating potential bullish continuation. 📊
📈 Indicators Analysis:
• OBV (On-Balance Volume): Showing a clear bullish divergence — buying pressure is strong. 💰
• RSI (Relative Strength Index): Gradually converging — momentum is stabilizing. ⚖️
📊 Market Structure:
• The overall structure remains bullish. ✅
⚠️ Bearish Confirmation Criteria:
• First, a Lower High (LH) must form
• Then, a Lower Low (LL) must break
→ Only then will a bearish market structure shift be confirmed. 📉
📌 Conclusion:
The market is currently showing strength, but it is important to closely monitor price action around key levels for confirmation. 🚀
BTC3.24%
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