At the moment, Bitcoin is showing a confident upward movement, but several signals point to possible caution:
• Price is nearing the upper Bollinger Band, often signaling local overheating.
• RSI is at 65+, approaching overbought territory.
• Coinbase Premium is still negative (-13.06) — this suggests that institutional players are not yet aggressively buying.
• Volume is rising, but not showing major spike activity — likely retail-driven momentum.
This looks like a classic distribution phase ahead of a possible shakeout or reaction to upcoming macroeconomic events.
Watch out for key data drops:
04 April 12:30 UTC — Non-Farm Payrolls + Unemployment Rate
04 April 15:25 UTC — Fed Chair Powell Speech
My plan: I'm out of position and observing. If news hits negatively, this could be a setup for a sharp correction.
Be cautious. Patience is a position.
• Price is nearing the upper Bollinger Band, often signaling local overheating.
• RSI is at 65+, approaching overbought territory.
• Coinbase Premium is still negative (-13.06) — this suggests that institutional players are not yet aggressively buying.
• Volume is rising, but not showing major spike activity — likely retail-driven momentum.
This looks like a classic distribution phase ahead of a possible shakeout or reaction to upcoming macroeconomic events.
Watch out for key data drops:
04 April 12:30 UTC — Non-Farm Payrolls + Unemployment Rate
04 April 15:25 UTC — Fed Chair Powell Speech
My plan: I'm out of position and observing. If news hits negatively, this could be a setup for a sharp correction.
Be cautious. Patience is a position.
Disclaimer
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.
Disclaimer
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.