BTCUSD ❕ volatility is declining
Volatility and trading volumes declined while BTC moved in a narrow range with a strong resistance level.
Most weekends recently have ended with Bitcoin declining.
The RSI dipped below the moving average on the 4H Timeframe.
TD Sequential formed a reversal signal down (4H TF)
Price and RSI formed a bearish divergence (1H TF)
I expect Bitcoin to start a downward move after it fixes under the lower boundary of the current range. Going forward, it will be very important to watch the price reaction to the uptrend line and the liquidity zone.
Most weekends recently have ended with Bitcoin declining.
The RSI dipped below the moving average on the 4H Timeframe.
TD Sequential formed a reversal signal down (4H TF)
Price and RSI formed a bearish divergence (1H TF)
I expect Bitcoin to start a downward move after it fixes under the lower boundary of the current range. Going forward, it will be very important to watch the price reaction to the uptrend line and the liquidity zone.
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