BitcoinShort
BTC EXHAUSTED
Looking at the chart, I see that Bitcoin (BTC) has reached a key resistance level near its all-time high, and the Stochastic indicator (Stoch) shows bearish divergence. This happens when the price makes a higher high while the Stoch oscillator fails to follow suit, making a lower high instead. Bearish divergence often signals potential weakening in upward momentum and could suggest an upcoming correction or reversal.
The Stoch indicator shows that BTC is in the overbought region (around 90), and the divergence could mean exhaustion in buying pressure. Combined with the fact that the price is near a major resistance zone, this could be an early warning sign for a potential bearish move.
The Stoch indicator shows that BTC is in the overbought region (around 90), and the divergence could mean exhaustion in buying pressure. Combined with the fact that the price is near a major resistance zone, this could be an early warning sign for a potential bearish move.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.