hey traders, as you can see we had a big rejection on the 5700 level, now bulls are trying to take control but we are seeing some weakness which we can see on:
- the RSI, which is indicating a divergence - the descending volume which indicates, weakness in the uptrend.
on the short-mid term we see a head and shoulders formation, which will make the price to retrace to 6200 or 6200 to start moving higher if not, the las support would be last 5700 down. BTCUSD