Mixed signals on $BTC right now.
Hidden bearish divergence plus a stretched RSI — classic setup for at least a near-term pullback. Could be a shallow wave 4 before one more leg up, or it could be the start of something bigger.
The line in the sand: $82,700. Clean break above kills the divergence and flips the structure bullish again.
Until then, respect the setup. Risk/reward matters more than being right.
Hidden bearish divergence plus a stretched RSI — classic setup for at least a near-term pullback. Could be a shallow wave 4 before one more leg up, or it could be the start of something bigger.
The line in the sand: $82,700. Clean break above kills the divergence and flips the structure bullish again.
Until then, respect the setup. Risk/reward matters more than being right.