While $BTC price has hit a "lower low," the momentum tracked via the RSI is actually printing a "higher low".
What does this mean?
It suggests that even though the price dropped, the underlying selling momentum is losing steam. For traders, this discrepancy is a classic technical signal often associated with potential trend reversals.
What does this mean?
It suggests that even though the price dropped, the underlying selling momentum is losing steam. For traders, this discrepancy is a classic technical signal often associated with potential trend reversals.