📈BTC/USD Intraday:
the upside prevails as long as
📉Alternative scenario:
the downside breakout of
⚠️ the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at
the upside prevails as long as
9456 is support.📉Alternative scenario:
the downside breakout of
9456 would call for 9160 and 8983.⚠️ the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at
9432 and 9252). Finally, the Bitcoin/Dollar has crossed above its upper Bollinger band (9722).