💡 BTCUSD: Decrease after unexpected increase

25 ต.ค. 2023

💡 The H4 BTCUSD uptrend persists as a result of the price surging to a new high following recent strong momentum. Additionally, there is an overbought condition in H4 BTCUSDT, evident as the latest H4 bars extend beyond the upper boundary, indicating a potential price correction. Examining the most recent H4 bars reveals a weakening bullish trend, as these bars exhibit long upper shadows, suggesting selling pressure from above. This kind of price action frequently signals a forthcoming correction.