Bitcoin

New pattern forming? Upward channel and bearish divergence

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1.Bearish divergence has formed on 1h and 4h chart, which means that there’s a high probability that the market had hit the top in the short term, and will start consolidating or enter a down trend. Please set stop loss and manage your.risk.

2.We can pay attention to this upward channel, I think Bitcoin may bounce between resistance and support in the short term.

3.Volume isn’t high enough as well. I’m not that optimistic as many crypto youtubers to hit 12000 quickly.

Penafian

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