In my opinion, Bitcoin looks like it might need a short pause here.
📉 It's sitting just below a key Fib level and may require some time to consolidate before making another attempt.
📌 Price is printing a possible second close below the BB center.
📉 SMA is below the BB center — not ideal.
📊 Volume saw a strong red spike on July 15
📉 OBV formed a lower high while price remains elevated (granted, it’s the weekend and volume tends to dip).
📉 RSI is below 70 and under its moving average.
Too early for a strong conclusion — but this is a caution signal.
Let’s stay alert and watch it unfold together.
Always take profits and manage risk.
Interaction is welcome.
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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.