Bitcoin failed to close above its all-time high and only managed to close outside my shaded blue box once, indicating a lack of willingness to push higher at this time.
From a technical perspective, the SMT divergence between Bitcoin and Ethereum showed weakness, as ETH couldn't even approach its all-time high.
Now, I'm watching to see if the inversion daily FVG sends the price lower toward the sellside. However, I wouldn’t be surprised if Bitcoin suddenly spikes to 79K—so be cautious when going long, guys!
From a technical perspective, the SMT divergence between Bitcoin and Ethereum showed weakness, as ETH couldn't even approach its all-time high.
Now, I'm watching to see if the inversion daily FVG sends the price lower toward the sellside. However, I wouldn’t be surprised if Bitcoin suddenly spikes to 79K—so be cautious when going long, guys!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.