Bitcoin weekly downtrend
Bitcoin is in a weekly downtrend. We have confirmed a lower high and lower low. Major weekly pivot is the previous liquid zone we broke on Sept 23. Found support on green 55 EMA , confirmed rejection off yellow 21 EMA , using it as resistance alongside the liquid zone. Next target is next major liquid zone at around 6800, aligning with the cyan 89 EMA .
Stochastic is trending down, in bear control zone.
RSI is using edge of bear control zone as support, but we are below the RSI EMA. No weekly divergence in trend
Stochastic is trending down, in bear control zone.
RSI is using edge of bear control zone as support, but we are below the RSI EMA. No weekly divergence in trend
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