Bitcoin bearish divergence - Don't fall in influencers' trap 
2024-12-14
Category: None

BTC had really good rally so far and looks cooling down and printing bearish RSI divergence in 1D chart. 

I feel early next week it may retest ATH (even break above for a brief) grab liquidity and RSI will create lower high. It will trap liquidity and start downward trend and chances of having deep pull back to 73k and consolidate. BTC dominance might reach around 59%. This all happens before Trump's inauguration. 

FOMC meeting coming next week, expect some volatility.
Be cautious for next few days.

This will invalidate if we have weekly close above ATH with good volume.