BTCUSD

2022年9月3日

Consolidating for the past week after it broke 20k. Daily MACD possibly crossing back over soon, but RSI on daily and weekly are extremely bearish. Expecting price to take out the lows and put in strong bullish divergence before the next major move higher. Crossing the weekly RSI downward trendline would be a good sign of a break to push higher with higher probabilities when weekly gets back above the 50 on RSI. Weekly MACD did cross but is extremely bearish and it could end up re-crossing down. Overall targets laid out. 12k is probable in my opinion, but considering the macro environment it can always go lower depending how much worse things get. Preserve capital and survive until the next bull run, it will happen again. The trend is you friend until then.