$BTC holding while weakening, what? LOL

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GOOD MORNING

Don't see an increase in BTC shorts. With #ETF news perhaps traders do not want to be short.

Don't see a #BTC a breakdown, JUST weakening of the RSI during this current move.

BUT
#Bitcoin keeps bouncing off the trendline, yellow arrow.
We also see bouncing off the 20 Exponential Moving Avg, cyan, & the red = TREND strength.

As posted few days ago, the top part of the range keeps getting poked. The more poking the weaker resistance gets!

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.