$BTC - Monthly bearish divergence has almost run its course. Momentum has been fading for a while and the RSI has finally cooled into the mid zone where long timeframe corrections usually stabilize.
In my system, a proper monthly reset often pulls the RSI back toward the 50 region and we are already hovering right around that level.
#Bitcoin also printed a clear SFP at the top, which fits the broader picture of exhaustion. When that aligns with the RSI reset and the overall structure, it suggests this is the late stage of a correction rather than the beginning of a deeper trend shift.
If my system is right again, we are very close to the bottom of this monthly pullback.
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$BTC - Monthly bearish divergence has almost run its course. Momentum has been fading for a while and the RSI has finally cooled into the mid zone where long timeframe corrections usually stabilize.
In my system, a proper monthly reset often pulls the RSI back toward the 50 region and we are already hovering right around that level.
#Bitcoin also printed a clear SFP at the top, which fits the broader picture of exhaustion. When that aligns with the RSI reset and the overall structure, it suggests this is the late stage of a correction rather than the beginning of a deeper trend shift.
If my system is right again, we are very close to the bottom of this monthly pullback.