https://www.tradingview.com/x/HAtyEOqo/
In the recent analysis of futures on the daily timeframe, a technical pattern known as the "3 Drives of Divergence" has been confirmed, signaling a potential trend reversal. This pattern, often associated with strong bearish momentum, has been observed with a divergence in the Relative Strength Index (RSI), further supporting the bearish outlook.
RSI Divergence: The RSI, a momentum oscillator, shows a bearish divergence where the price makes higher highs, but the RSI makes lower highs. This is a classic sign of weakening upward momentum, often preceding a price decline.
Key Levels:
Reversal Pivot: If the price closes below 97K on a daily timeframe. This pivot is critical as it is the last resistance before a potential downtrend.
Target Futures Gap Fill: Historical price action suggests a gap in the futures market that might get filled. This target zone, marked on the chart, could act as a price magnet for Bitcoin if bearish pressures continue.
In the recent analysis of futures on the daily timeframe, a technical pattern known as the "3 Drives of Divergence" has been confirmed, signaling a potential trend reversal. This pattern, often associated with strong bearish momentum, has been observed with a divergence in the Relative Strength Index (RSI), further supporting the bearish outlook.
RSI Divergence: The RSI, a momentum oscillator, shows a bearish divergence where the price makes higher highs, but the RSI makes lower highs. This is a classic sign of weakening upward momentum, often preceding a price decline.
Key Levels:
Reversal Pivot: If the price closes below 97K on a daily timeframe. This pivot is critical as it is the last resistance before a potential downtrend.
Target Futures Gap Fill: Historical price action suggests a gap in the futures market that might get filled. This target zone, marked on the chart, could act as a price magnet for Bitcoin if bearish pressures continue.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.