As depicted in the chart, this would be a great opportunity for shorting Bitcoin short term, and here's why:
1.- The resistance just rejected the price to the downside.
2.- We're just retesting the yellow trendline that has been pretty much reliable since Dec 2020 (it only broke once).
3.- RSI is making lower lows, while price differs.
1.- The resistance just rejected the price to the downside.
2.- We're just retesting the yellow trendline that has been pretty much reliable since Dec 2020 (it only broke once).
3.- RSI is making lower lows, while price differs.