$BTC 79k! 🏄 What do you dislike about the chart? Hourly and 4-hour timeframes: clear divergences, weakening uptrend, and rising price. If this trend is reflected on the daily timeframe, then we will most likely touch the imbalances and levels — 73.7k, 71.6k.
But! I saw the same thing when the price was ranging — 35-38k, 41-44k, 50-53k. At that time, the price was just making higher peaks, MACD was unloading, going down into the red zone, while RSI was dropping to the floor, and then they both went up together, breaking the usual understanding under the influence of the trend and incoming volumes.
Any technician expects that indicators should work out, but it is important to remember more significant arguments. If the price bounces off 75.7k, then I will likely consider it as a range.
This doesn't mean it will be the same now; for the last couple of months, #BTC has been more obedient, which means I urge you to think for yourself. Many don't want to do that😈
