Bitcoin (BTC): Small Bounce Before Support Is Lost

Bitcoin / TetherUS BINANCE:BTCUSDT

NoOneWhoIsSomeone

Watching closely as we head into Monday, this is a probable outcome before any more strong selling.

Liquidity needs to be sparked again so it can be taken, and the trend can continue.

The reason for the bounce is the RSI Divergence.

To further support this analysis, BTC just closed its worst Monthly Candle on record:

Bitcoin (BTC): Just Closed Its Worst Monthly Candle On Record

As well as a decoupling of BTC /USD which has only happened 2 times before:

Bitcoin (BTC): This Has Only Happened Twice In History

Invalidation would be a break above the Bearish Trend (Dashed Line)

Resistance:
~$41,500
~$43,000

Support:
~$37,500

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