🧠 Setup Overview
Bitcoin is showing signs of exhaustion after a parabolic rally:
Bearish divergence is visible on the 3D RSI — price made higher highs while RSI made lower highs.
Volume is shrinking with each push up, suggesting buyer momentum is fading.
Price is pressing into all-time highs without conviction, signaling potential for a pullback.
🔻 Downside Targets
Target 🎯 Level Why It Matters
Target 1 $93,300 (50% Fib) Midpoint of last impulse + first strong demand area.
Target 2 $82,500 (61.8% Fib) Volume-profile support + key confluence zone.
🔎 What Confirms the Setup?
Breakdown below $108K structure
Daily close below $105K with increasing volume
RSI losing midline support = momentum shift confirmed
❌ Invalidation
Daily close > $112K with strong volume = idea invalid
Would suggest continuation toward blue-sky breakout
✅ Summary
Bearish divergence + volume drop = classic topping signals
Risk is well-defined, with Fib-backed targets offering clean R:R
Trade cautiously — momentum is fading, not gone yet
📛 Disclaimer: This is not financial advice. Do your own research and manage risk according to your plan.
#Bitcoin #BTC #CryptoAnalysis #BearishDivergence #RSI #VolumeProfile #Fibonacci #TradingView
VM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.