BTC might consolidate before deciding
On the daily chart there is a noticeable divergence and the formation of bearish pressure as it approach the nearest support. It might continue testing this support until it decides if it will break or bounce back up to create a new highs. Afterall the overall trend is still bullish
Indicatora
1. 200 sma bollinger band - price action still playing above the 200 daily sma
2. RSI with 100 sma for swing trend direction. - RSI line is bearish and not near the oversold area so i think there's still a momentum to the downside on the daily.
4hours Time Frame
200 sma bollinger band defaulted to daily chart
RSI with 100sma defaulted on the chart time-frame
Indicatora
1. 200 sma bollinger band - price action still playing above the 200 daily sma
2. RSI with 100 sma for swing trend direction. - RSI line is bearish and not near the oversold area so i think there's still a momentum to the downside on the daily.
4hours Time Frame
200 sma bollinger band defaulted to daily chart
RSI with 100sma defaulted on the chart time-frame
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