⚠️ $BTC WARNING: Consolidation at $105k Signals Bearish Divergence 🛑
Bitcoin ($BTC) is struggling to break significantly above $106,000, and this consolidation is happening while the RSI is printing a clear Bearish Divergence on the 4-hour chart. The underlying momentum is weakening, setting the stage for a short opportunity down to key support.
My Actionable Futures Plan:
Entry Zone (SELL/SHORT): Enter on a 4-hour candle close below $104,800. This confirms the breakdown of consolidation.
Take Profit (TP) Target 1: $102,000 (Major psychological support).
Take Profit (TP) Target 2: $99,500 (Liquidation heatmap cluster).
Stop-Loss (SL): Place a tight stop above the recent high at $106,500.
The Technical Rationale:
Bearish Divergence occurs when the price makes a higher high, but the oscillator (RSI/MACD) makes a lower high. This is a classic indicator that the move is running out of steam. This short target is aimed at sweeping the liquidity under $100k before a potential bounce.
Don't ignore the bearish signals in the consolidation!
📌 Call to Action (CTA):
Is the $BTC rally overbought? Click the $BTC cashtag below to verify the divergence on the RSI and open your position! 👇
