We’ve got a Weekly Structure Shift in $BTC , but a correction could still be coming.
Here’s why:
RSI is in the overbought zone.
Unfilled liquidity gaps remain below.
Daily Bearish RSI Divergence: Price is making a Higher High, while the RSI is making a Lower High 📉.
For now, it’s a wait-and-see situation. The two blue dotted lines mark major support levels. As long as Bitcoin holds above them, the structure remains intact. However, from my perspective, taking out the liquidity below first with a breakdown would be the healthier move.
That said, anything can happen in the market. It might hold this $80k–$82k support zone and break out toward $92k–$93k.
For now, just wait and let the market play out. The levels are marked; now we wait for the reaction. 😉
$BTC
#BTC #TechnicalAnalysis
Here’s why:
RSI is in the overbought zone.
Unfilled liquidity gaps remain below.
Daily Bearish RSI Divergence: Price is making a Higher High, while the RSI is making a Lower High 📉.
For now, it’s a wait-and-see situation. The two blue dotted lines mark major support levels. As long as Bitcoin holds above them, the structure remains intact. However, from my perspective, taking out the liquidity below first with a breakdown would be the healthier move.
That said, anything can happen in the market. It might hold this $80k–$82k support zone and break out toward $92k–$93k.
For now, just wait and let the market play out. The levels are marked; now we wait for the reaction. 😉
$BTC
#BTC #TechnicalAnalysis
