$BTC 3 bearish divergence: on the daily timeframe it has already formed, on the weekly and monthly it will appear if there is a higher 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 inflow into the market.
Two weeks of May have passed and the MACD on the monthly looks like this: if Bitcoin makes a higher high, StochRSI indicates this for now, and MACD does not confirm it, then a bearish divergence appears. If the volumes confirm, then it will be a full continuation of the rally, which I tend to believe. After all, the stablecoin law will become a driver for short-term growth before the rate cut.
A bearish divergence is forming on the weekly, but it may break due to inflows.
And on the daily chart - it already exists. Either there will be a rise with high volatility and sharp declines, playing out these divergences, but without updating the lows. Or we will sharply fall by the beginning of June without rebounds.
Next time I will talk about the future decoupling of BTC and the dollar.
