#BTC
A bearish pattern with bearish divergence is forming on the Bitcoin chart.
Locally, the asset is in overbought territory, and a pullback to the area of the 100-day moving average would be logical — this would allow for the closure of the divergence and the filling of the imbalance.
However, considering that the current rise is largely driven by news background, Bitcoin may trade sideways for some time, thereby 'absorbing' the divergence and cooling the RSI before continuing to rise.
The USDT.D dominance index has also approached the support level, which increases the likelihood of a short-term correction in the market.
