Bitcoin Risk Warning:
The weekly MACD has diverged, and the space for the fifth wave peak is also not very large. If the daily chart breaks the high, it may form multiple divergence signals on both the daily and weekly charts. The overlap of small and large-scale divergences may indicate a temporary end to the bullish trend. A deep correction is needed to clean up the market, and all indicators are unfavorable for bulls!
Do not blindly chase the market, as the risk is high. Follow the trend but wait for a clear bullish signal or a pullback to the support level of 108,000-110,000 before entering.
