Bitcoin has been on an incredible run, but I believe we may be heading for a pullback toward $72K. There are three key signs that suggest a breather is due:
Double Top Formation – We've seen a clear double top pattern forming, signaling a potential reversal.
RSI Divergence – The RSI is showing divergence from price action, often a sign that the momentum is weakening.
Overbought Conditions – Bitcoin has been in overbought territory for a while now, suggesting that a correction could be on the horizon.
Keep an eye on these factors as they could play a big role in where BTC goes next. Stay cautious and be prepared for potential volatility.
I hope you find it helpful!
Take care and keep it shiny.
Kina ♥
Double Top Formation – We've seen a clear double top pattern forming, signaling a potential reversal.
RSI Divergence – The RSI is showing divergence from price action, often a sign that the momentum is weakening.
Overbought Conditions – Bitcoin has been in overbought territory for a while now, suggesting that a correction could be on the horizon.
Keep an eye on these factors as they could play a big role in where BTC goes next. Stay cautious and be prepared for potential volatility.
I hope you find it helpful!
Take care and keep it shiny.
Kina ♥
交易進行
註釋
Here we can see this idea is already is playing out! 註釋
Getting there, I still believe this is going right into the Demand zone: 68k - 72k
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