BTC RSI Divergence on Monthly Chart
Updated
A monthly signal can take a while to play out and the RSI divergence is not yet confirmed, but its looking more likely with this recent move down. Be cautious.
Comment
If BTC closes below 45415 on CME today, I would not be bullish and would expect a drop to 40K for a bounce then continuation down to 35K. Below 35k is a bear market and will probably not reverse until at least 20k is retested, but my opinion is a wick to 10Kish to flip bull or atleast hold sideways.
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