Short-term BTC top price is at 94,000. A rising wedge pattern has appeared on the 4-hour chart, which is the resistance level for the recent uptrend.
Bearish conditions for BTC:
1. Rising wedge upper resistance at 94,000 2. A hammer candlestick has appeared in the uptrend as a topping signal, triggered around the 94,000 level 3. A naked K candlestick pattern has shown an evening star reversal signal, with the doji top at the 93,300 level 4. RSI is currently at 79, indicating an overbought signal
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Short-term BTC top price is at 94,000. A rising wedge pattern has appeared on the 4-hour chart, which is the resistance level for the recent uptrend.
Bearish conditions for BTC:
1. Rising wedge upper resistance at 94,000
2. A hammer candlestick has appeared in the uptrend as a topping signal, triggered around the 94,000 level
3. A naked K candlestick pattern has shown an evening star reversal signal, with the doji top at the 93,300 level
4. RSI is currently at 79, indicating an overbought signal