On the weekly timeframe: BTC has not experienced a significant correction in the past week and is currently trading around $38K, approaching the strong resistance zone at $40K.
On the daily timeframe: BTC has formed a bearish divergence and RSI > 80, indicating market overbought conditions and a lack of strong selling pressure.
Currently, BTC has two support levels:
The nearest support is around $36K.
Strong support is at $32-33K.
