BTC Bull Exhausted? Amateur Analysis
BTC has been on a uptrend for a couple of weeks, filling the imbalances from the previous downtrend. However, the price action suggests that the retracement is nearly at the end:
1. Bearish Ascending triangle on the Daily
2. Price near the overbought zone on the RSI
3. Weak bull candles
The price might be manipulated to the FVG or the Supply zone before continuing its downtrend to the weekly demand.
P.s please correct me if I use the POIs wrong. Especially the FVG and Supply Order Block.
Thank You~
1. Bearish Ascending triangle on the Daily
2. Price near the overbought zone on the RSI
3. Weak bull candles
The price might be manipulated to the FVG or the Supply zone before continuing its downtrend to the weekly demand.
P.s please correct me if I use the POIs wrong. Especially the FVG and Supply Order Block.
Thank You~
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