Bitcoin Sell Setup
2025-02-06
Category: None

Bitcoin failed to close above its all-time high and only managed to close outside my shaded blue box once, indicating a lack of willingness to push higher at this time.

From a technical perspective, the SMT divergence between Bitcoin and Ethereum showed weakness, as ETH couldn't even approach its all-time high.

Now, I'm watching to see if the inversion daily FVG sends the price lower toward the sellside. However, I wouldn’t be surprised if Bitcoin suddenly spikes to 79K—so be cautious when going long, guys!