Consider steady incompressible flow over a flat plate, where the dashed line represents the edge of the boundary layer, as shown in the figure. Which one among the following statements is true?

- Bernoulli's equation can be applied in Region I between any two arbitrary points.
- Bernoulli's equation can be applied in Region I only along a streamline.
- Bernoulli's equation cannot be applied in Region II.
- Bernoulli's equation cannot be applied in Region I.