BTCUSDT SPOT

Chart Explanation: BTC/USDT (4H, Bybit)

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📊 Chart Explanation: BTC/USDT (4H, Bybit)
🟢 Current Situation:
BTC is pushing toward its All-Time High (ATH) level at $119,402.

We've seen a strong vertical rally with minimal pullbacks — classic "euphoria phase" behavior.

Price is currently around $116,500, getting close to major resistance.

⚠️ Key Observation – Bearish Divergence:
The Relative Strength Index (RSI) is showing bearish divergence:

Price is making higher highs

RSI is making lower highs

This signals momentum weakening, despite price moving up — a possible reversal warning.

🚫 Why No Trade (Yet):
You're not entering a position now because:

Price is near ATH — a major liquidity area where fakeouts are common

You expect a potential rejection or liquidity sweep near ATH

No confirmed reversal or entry trigger yet

🟣 What You're Watching:
The AOI (Area of Interest) marked around $108,000–$110,000

This is likely a previous consolidation or demand zone

If price retraces and gives a clean setup (e.g., bullish structure, volume, RSI reset), then you may consider a long entry

🔍 Summary:
You're being patient and strategic, observing potential weakness in momentum . now 119.4k will be next ATH. In my point of view .
No trade now — waiting for confirmation or a pullback into your AOI zone.

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