BTCUSD bull run looking for a correction?

BTCUSD bull run seems to be due for a correction. The 4H chart shows major divergence on the RSI. Besides, the price has gone too far away from the 50MA (red line) and is at the psychological level of 30000. A correction toward 26000 (50MA) or further up toward 21000 (200MA) on the 4H chart seem likely. Watch out!

Pesanan dibatalkan:

BTCUSD gave a minor correction below 29000 with a long wick at the 50MA on the 4H chart and is continuing its bull run. Short trades cancelled for now.