I am sharing 4hr timeframe chart just to give you all clear view of what happening with regards to $BTC
Since BTC started its downward movement after hitting 69k. BTC was moving downward in a parallel channel. After the breakout of the channel. BTC got rejected at 51.9k and again it started moving in a new downward Parallel channel.
As you can see BTC price is still going downward but the RSI is moving up. Which is a hidden bullish divergence and same divergence can be seen on daily timeframe.
Note: These are just my observations. Kindly DYOR.
Since BTC started its downward movement after hitting 69k. BTC was moving downward in a parallel channel. After the breakout of the channel. BTC got rejected at 51.9k and again it started moving in a new downward Parallel channel.
As you can see BTC price is still going downward but the RSI is moving up. Which is a hidden bullish divergence and same divergence can be seen on daily timeframe.
Note: These are just my observations. Kindly DYOR.