$BTC showing classic bearish divergence on the daily—price making higher highs while RSI prints lower highs. Momentum is bleeding out even as price pushes up, which usually means the rally's running on fumes.
This kind of setup often precedes a cooldown or pullback. Not saying it flips bearish overnight, but the risk/reward for chasing here isn't great. If you're long, consider tightening stops or taking some off. If you're waiting to enter, patience pays—let it reset before committing size.
Divergences don't guarantee reversals, but they do flag exhaustion. Watch for a breakdown in structure or a failure to hold recent support if this plays out.
This kind of setup often precedes a cooldown or pullback. Not saying it flips bearish overnight, but the risk/reward for chasing here isn't great. If you're long, consider tightening stops or taking some off. If you're waiting to enter, patience pays—let it reset before committing size.
Divergences don't guarantee reversals, but they do flag exhaustion. Watch for a breakdown in structure or a failure to hold recent support if this plays out.
