🚨 Bitcoin Is At A Decision Point
$BTC is testing a major higher-timeframe support while showing signs of a bullish RSI divergence. This could trigger a relief rally, but the overall market structure is still bearish. Until key resistance levels are reclaimed, it's too early to call a trend reversal.
📺 Full chart breakdown in today's video.
❌ The LONG idea becomes invalid if:
✘ Price breaks and closes below the rising trendline support.
✘ RSI bullish divergence fails with a new lower RSI low.
✘ Bitcoin gets rejected from $63.2K and forms another lower high.
$BTC is testing a major higher-timeframe support while showing signs of a bullish RSI divergence. This could trigger a relief rally, but the overall market structure is still bearish. Until key resistance levels are reclaimed, it's too early to call a trend reversal.
📺 Full chart breakdown in today's video.
❌ The LONG idea becomes invalid if:
✘ Price breaks and closes below the rising trendline support.
✘ RSI bullish divergence fails with a new lower RSI low.
✘ Bitcoin gets rejected from $63.2K and forms another lower high.