BTC monthly looking bullish for now but not in the clear yet. Price pushing above previous highs, monthly candle strong.RSI made a bullish crossover even though there's still a bear div in play. Sitting at 75, above 70, and the momentum picking back up. Stoch RSI also crossed up from the bottom, K > D, early bullish momentum returning.
That said, the bearish divergence isn't invalidated yet, RSI still hasn’t taken out previous highs while price did. Classic setup for a trap if this stalls.
If this monthly candle closes strong (above 111k), the divergence starts getting weaker. Otherwise, it could just be a liquidity grab before a pullback.
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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.