Bitcoin beating caution while RSI repeats after a half -half behavior – here is the reason star-news.press/wp

Bitcoin It is a flashing warning as the RSI indicate shows the familiar danced divergence pattern, and half 2020. This classic preparation is often preceded by a period of correction or monotheism, which urges traders to stay on alert.

The momentum weakens despite the higher height: RSI signs are warned

TrendPro Curvement Analyst open Bitcoin is currently displayed bearish RSI Divergence, a preparation reminds us of the post -half -seen structure in 2020. According to the analyst, while the price of the price continues to print the upper highlands, RSI form lower levels, indicating twice the momentum under the surface. This classic difference is often seen as a sign of it Climb Power has started to fade.

TrendPro emphasized that this type of preparation has historically led to either good health revision Or a period of side unification. Drawing similarities with the half -year for the year 2020, the analyst indicated that these stages often serve as cooling periods before the next important leg.

When looking at Coinglass, TrendPro pointed to a wide range of short liquidation ranging from $ 110,000 and $ 120,000. The analyst explained that if Bitcoin is able to break the threshold of $ 110,000, you may see a rapid increase in prices about 119,000 – 122,000 dollars, driven by forced short coverage and a group of filters in that region.

On the negative side, TrendPro also warned against building important long filters from 94,000 to $ 96,000. A He falls In this area it can lead to liquidity sweeping and shakeing excessive long sites. According to TrendPro, this type of flow often resets it market Conditions can provide a stronger basis for the next movement up as soon as the weakest hands are removed.

Shakeout or Breakout? Bitcoin at a crossroads

TrendPro went further to the question: “Do we need a shock above?” Answer? “Not necessarily.” However, TrendPro pointed out that many bull markets had a Shakeout stage, indicating that a temporary correction could be a healthy part of the cycle. If BTC exceeds $ 106,000 and breaks $ 110,000, the analyst notes that the short pressure to $ 120,000+ is possible.

However, if BTC is not able to collapse, the withdrawal of 95,000 dollars to reset the leverage will be in good health. This type of movement would remove excessive situations in the registry and help rebuild batchWithout breaking the long -term trend. The idea is not landing – it is a possible preparation for a stronger rule.

In short, TrendPro advised to see the penetration area ranging from 110 to $ 11200 as a higher step than this level may lead to short pressure. If the price decreases, 94,000 – 96,000 dollars is the key Support area To reset ascend. Despite short -term fluctuations, long -term bull direction still looks intact.

Distinctive photo of Pixabay, Chart from TradingView.com

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