BTC USDT

Updated

BTC might not make it above all time high as quick as we think. A short thread below:

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On the daily timeframe, we have seen that the had already been overbought since it was around 10k /11k and still remains overbought till now on the RSI ranging between 70 and 80 and the bullish momentum is bound to reduce.

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On the 4 hour timeframe, asides the market structured areas we have seen, we can also see that there is a bearish divergence on the 4 hour timeframe and also a double top formation has been identified on the chart.

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I don't really know much about the fundamentals for now.
That's just my opinion.

LOL

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