source avatarChartist | Süleyman 💲🦁

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The outlook for BTC has not changed from yesterday. Yesterday, I noted that while the price rose, the RSI failed to confirm the same strength, and the bearish divergence continued. Today, the chart remains largely unchanged. As the price approaches the upper band of the rising channel, the RSI continues to form lower highs. This means the price is moving up, but the momentum is not supporting the move to the same degree. This situation alone is not a bearish confirmation, but it does indicate that the current rally is becoming increasingly fragile. There are two scenarios I’m monitoring: If the price breaks above the channel’s upper band with strong volume and the RSI confirms this move, the divergence may lose its validity. However, if the price is rejected from the upper band and loses channel support, selling pressure could become more pronounced. The key level I’m watching below is $59,648. In summary, the outlook remains unchanged: Price is rising. Momentum is lagging. The channel’s upper band has not yet been broken. Therefore, I am not treating the current movement as a strong breakout until confirmed.

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