Bearish divergence identified. 📉 Bearish Divergence Identified
🔍 Element Observation
Price Action Price made higher highs (local swing tops increasing slightly).
RSI (bottom) RSI made lower highs (momentum decreasing).
Type Regular bearish divergence — a classic early warning of weakening trend.
🧠 Interpretation
This type of divergence often signals that:
Bullish momentum is fading, even though price continues to rise.
A short-term correction or reversal is likely, especially when divergence occurs near resistance.
Your highlighted short zone (red box) near $109,078–109,399 aligns with this perfectly.
🟣 Context Favoring Short Bias:
Factor Status
RSI Divergence ✅ Bearish (momentum weakening)
Price Structure ✅ Lower high forming
EMAs ✅ Rolling over / flattening
Rejection Zone (Pink Box) ✅ Price failing to hold above
Key Support Below ✅ $108,061 – 107,830 region
📊 Summary
Bias Short-term Bearish 📉
Reason Bearish divergence + lower high + resistance
Target $108,061 (minor support) → $107,830 (key level)
Invalidation Break above $109,400 and hold
