Checking the charts on the toilet, $BTC is making an interesting move. The moving averages are aligned bullishly and look fairly strong, but Stoch RSI has climbed all the way to 85.8, so the risk of bearish divergence is considerable. The long/short ratio suggests longs are taking profits, putting significant pressure on the market for a short-term pullback.
If it can hold steady around 85600, the bullish structure could continue; if it drops straight through 85300, the current thesis no longer holds. Better to wait for a pullback than chase the highs. Wow.
For market observation and conditional analysis only; this does not constitute a record of trading activity.
$BTC #牛市 #现货 #Trading
If it can hold steady around 85600, the bullish structure could continue; if it drops straight through 85300, the current thesis no longer holds. Better to wait for a pullback than chase the highs. Wow.
For market observation and conditional analysis only; this does not constitute a record of trading activity.
$BTC #牛市 #现货 #Trading
