Previous vs. Current Situation:
We expected the price to continue falling, but market sentiment shifted due to the 180-day trade tariff pause news, triggering a bullish wave instead.
Bitcoin is now in a short-term bullish wave, but still trapped in the descending wedge (bearish pattern) with RSI divergence.
Key Scenarios to Watch:
Trigger: Rejection from wedge support line + new lower low with RSI divergence => enter long after getting confirmation in lower timeframes.
Continuing the upward trend => breakout and close above the blue resistance zone.
(Will update analysis for new long setups)
Critical Notes:
Divergence Alert: RSI divergence suggests weakening momentum.
Updated Trade Plan Coming Soon! Stay tuned.
- Earlier Bearish Expectation(previous analysis):
We expected the price to continue falling, but market sentiment shifted due to the 180-day trade tariff pause news, triggering a bullish wave instead.
- Current Trend Shift:
Bitcoin is now in a short-term bullish wave, but still trapped in the descending wedge (bearish pattern) with RSI divergence.
Key Scenarios to Watch:
- Scenario 1: Bearish Continuation (High Probability)
Trigger: Rejection from wedge support line + new lower low with RSI divergence => enter long after getting confirmation in lower timeframes.
- Scenario 2: Bullish Continuation
Continuing the upward trend => breakout and close above the blue resistance zone.
(Will update analysis for new long setups)
Critical Notes:
Divergence Alert: RSI divergence suggests weakening momentum.
Updated Trade Plan Coming Soon! Stay tuned.
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Penerbitan berkaitan
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.