$BTC 3 bearish divergences: on the daily timeframe it has already formed, on the weekly and monthly it will appear if there is a new high ‼️
I have already mentioned that the chart requires either a sharp price drop or an increase in volume, and against the backdrop of agreements between the USA and China and others, the market has revived.
There is an influx into the market.
Two weeks of May have passed and the MACD on the monthly looks like this: if Bitcoin makes a new high, StochRSI currently indicates this, but MACD does not confirm it, then a bearish divergence appears. If the volumes are confirmed, it will be a full continuation of the rally, which I tend to agree with. After all, the law on stablecoins will be a driver for short-term growth before the rate drops.
A bearish divergence is forming on the weekly, but it may break due to inflows.
And on the daily chart - it is already there. Either there will be growth with high volatility and sharp falls, playing out these divergences, but without updating the lows. Or we will drop sharply by the beginning of June without any bounces.
Next time I will talk about the future decoupling of BTC and the dollar.
