Stone_Haven

๐Ÿ’ก BTCUSD: Decrease after unexpected increase

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BINANCE:BTCUSD   ๋น„ํŠธ์ฝ”์ธ
๐Ÿ’ก 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.

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