1. Bitcoin broke out the channel, with the RSI going higher. The bearish divergence on the 4h chart seems not that obvious.Perhaps technically, there is not that much reason for shorting. But since it is near the pattern I drew before, I personally may just put a small part of portfolio to go long to prevent pullback.
2.US stock markets pumped for more than 1%,though yesterday, BTC and the US stock market seems to be decoupled, but we can also treat it as a good sign for BTC since they still have strong correlation recently.
3I have to say that it's quite hard to predict the price direction in the short term.The Bitcoin rally which happened recently is really amazing.
2.US stock markets pumped for more than 1%,though yesterday, BTC and the US stock market seems to be decoupled, but we can also treat it as a good sign for BTC since they still have strong correlation recently.
3I have to say that it's quite hard to predict the price direction in the short term.The Bitcoin rally which happened recently is really amazing.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.