Bitcoin
Long
Updated

BTC: RSI Bullish Divergence on 1H Candles

427
Just posting what I see in the charts - there's currently bullish divergence on the 1H in bitcoin. When things seem their weakest, it's typically a sign of strength and when things seem their strongest, it's typically a sign of weakness.
Note
The BTC narrative to $20k just makes no sense for market makers if they want max profit. If they tank price to $20k the bull run will be over and 99% of their profits will evaporate b/c trading decreases 99% during bear markets and market makers know this.

No retail trader is going to buy in at $20k and they will leave en masse and it will be exceedingly difficult to have a structure that makes sense at $20k that sustainably provides market makers profit over any duration.

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