🚨 Hidden Bearish Divergence Alert! BTC/USDT Analysis 🚨

📉 Current Price: $67,041.78
🕹️ Chart Pattern Observed: Hidden Bearish Divergence
📊 Timeframe: Weekly

We’re seeing a classic hidden bearish divergence on BTC/USDT, signaling potential downside risk in the current market structure. Here’s the breakdown:

1. Price Action - Bitcoin has formed a lower high, indicating a struggle to reach previous peak levels despite recent bullish momentum.

2. Stochastic Indicator - Meanwhile, the Stochastic oscillator shows a higher high, a sign of increasing momentum that isn’t matched by price. This divergence suggests underlying bearish pressure.

3. RSI - The RSI is hovering around 60, another key level to watch. If RSI moves lower in the upcoming sessions, it could further confirm the bearish outlook.

4. Volume Decline - A drop in trading volume hints at reduced buying power, which might lead to a continuation of the downtrend.

⚠️ Implication: This hidden bearish divergence often points towards a potential continuation of the downtrend. Keep an eye on key support levels, and manage risk accordingly.

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