Although I have always mentioned the top divergence, it is still at the daily chart level.
The current trend of the day is really very similar to the market from July to September 2021. Although the prices are not similar, the momentum is very similar.
At the 3-day/week level, the difference from the main upward wave is still not significant.
As long as it can break through the 86k threshold, this top divergence bull market will be stronger than the top divergence bull market in 2021.
86k can be considered as the distinguishing standard between this round of top divergence bull and the main upward wave; until it breaks through, we should still follow the strategy of the top divergence bull market.
Comparison of the main upward wave and top divergence.
The main upward wave is characterized by a long period of daily overbought conditions, and even daily overbought conditions are the beginning of a bull market.
The fundamental reason is still that BTC has risen from 15k to 73k, with the bottom much higher. Unless it can really rise significantly, otherwise, it is easily divergent.
Unless it can drop horizontally, or even drop down to reset momentum, but currently there is none; it is still in the monthly level bull market that started in October 2023.
