Price has come back to retest the broken channel and is being rejected again. What matters now is to see if buyers can sustain follow‑through, because that will decide if this is just a relief bounce or the start of a real reversal. For now, it still looks like nothing more than a bounce.
Historically, when Bitcoin reaches oversold territory on the daily RSI, it often forms a bullish divergence rather than reversing immediately on the first oversold tag, price makes a lower low while RSI prints a higher low.
My scenario anticipates another push down in price while RSI refuses to make a new low, creating a classic bullish divergence that frequently precedes strong relief rallies.
This price action still fits my broader strategy, as the current rejection and potential bullish divergence keep the scenario alive for another leg up in December, with upside potential toward at least the 115k
Historically, when Bitcoin reaches oversold territory on the daily RSI, it often forms a bullish divergence rather than reversing immediately on the first oversold tag, price makes a lower low while RSI prints a higher low.
My scenario anticipates another push down in price while RSI refuses to make a new low, creating a classic bullish divergence that frequently precedes strong relief rallies.
This price action still fits my broader strategy, as the current rejection and potential bullish divergence keep the scenario alive for another leg up in December, with upside potential toward at least the 115k
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.