I'm looking at 8h timeframe. There is potential double bottom formation which will be completed if USDT bounces from the current support level and breaks 8% neckline. W pattern target is mentioned on the chart. This is a scenario 1/ orange color/ with 25 % probability and at the same time if can lose the current support level and breaks down to the next support level at 6% and after a small bounce drops to 5.5%. This is a scenario 2/pink color/ with 75% probability. This will be bullish for BTC.
Combining USDT with SPX and BTC, I gave 75% probability to the 2d scenario because of BTC bullish case scenario I published on my previous analysis.
Combining USDT with SPX and BTC, I gave 75% probability to the 2d scenario because of BTC bullish case scenario I published on my previous analysis.