This is a bearish pattern and all indicators show clearly BTC price is losing momentum. First real support is the yellow dashed line. We're in for a little correction here, apparently 56k has a lot of sell orders to get filled.
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apparently momentum indicators were wrong, BTC crossed that resistance and if current 4h candle closes above that price will enter the resistance zone in purple there. Still I wouldn't enter BTC now
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I told you so, didn't I? I was just too early. Anyway, let's wait and see if this was just a little retracement or if there's still something more. Again, I still wouldn't enter the chart but certainly it looks healthier now.
RSI broke upward the bearish DIV but momentum indicators show the DIV is still in play. I wouldn't enter a long or a short right now.... let's just sit and wait.