Currently, the Bitcoin market is revealing several concerning signals that warrant attention.
First and foremost is the significant divergence between the weekly and monthly charts. This is not a fleeting intraday fake-out, but a genuine medium- to long-term trend signal. The price repeatedly tests the 90,000 to 95,000 range, yet key momentum indicators like MACD and RSI continue to decline, forming a classic divergence pattern of "price making new highs while indicators weaken." This often hints that the trend is about to change, with the bullish momentum gradually waning.
Next, there is a bearish flag pattern currently taking shape. After Bitcoin dropped from above 100,000 to around 85,000, it did not continue to fall further but instead oscillated within this range, with highs gradually decreasing and lows slowly rising—typical of a converging flag formation. Once the support at the lower boundary is broken, based on pattern measurements, the decline could target the 70,000 region. This is not mere speculation but an objective calculation based on the pattern itself.
Additionally, one must remain cautious of the potential head and shoulders top formation, which may not yet be fully confirmed. The integrity of this pattern is still under observation...
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consensus_whisperer
· 01-10 14:16
Divergence is definitely something to pay attention to, but the 90,000 level feels quite tough. Let's see how it develops later.
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PumpingCroissant
· 01-09 12:59
You really need to keep a close eye on the divergence; the indicators are already showing weakness, but the price is still holding on... It feels like the bulls are a bit weak.
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GasFeeCryBaby
· 01-09 12:59
Wait, divergence + flag pattern + head and shoulders top, all three signals appeared together? That seems a bit too coincidental, right? Are they trying to fake a breakout?
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LonelyAnchorman
· 01-09 12:57
Deviations are really something to watch out for. The last time this happened, it didn't end well.
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LiquidityNinja
· 01-09 12:49
Divergence is really hard to sustain; the indicators are already going against the trend, and the price is still trying to hold on. This is not a good sign.
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CodeZeroBasis
· 01-09 12:49
Divergence + Flag + Head and Shoulders Top, this combination is really starting to be hard to hold. The bulls need to wake up.
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P2ENotWorking
· 01-09 12:46
Damn, divergence is the most annoying thing. The indicator just won't cooperate with the price.
Currently, the Bitcoin market is revealing several concerning signals that warrant attention.
First and foremost is the significant divergence between the weekly and monthly charts. This is not a fleeting intraday fake-out, but a genuine medium- to long-term trend signal. The price repeatedly tests the 90,000 to 95,000 range, yet key momentum indicators like MACD and RSI continue to decline, forming a classic divergence pattern of "price making new highs while indicators weaken." This often hints that the trend is about to change, with the bullish momentum gradually waning.
Next, there is a bearish flag pattern currently taking shape. After Bitcoin dropped from above 100,000 to around 85,000, it did not continue to fall further but instead oscillated within this range, with highs gradually decreasing and lows slowly rising—typical of a converging flag formation. Once the support at the lower boundary is broken, based on pattern measurements, the decline could target the 70,000 region. This is not mere speculation but an objective calculation based on the pattern itself.
Additionally, one must remain cautious of the potential head and shoulders top formation, which may not yet be fully confirmed. The integrity of this pattern is still under observation...