Technical approach to Bitcoin tension

In the past weeks, I have referred to this RSI value as a "more complete formation". Our prediction came true and the formation was completed. So what does this image tell us and what inferences can we draw from it?

The 2 different RSI values ​​you see on the chart show the weekly periods of $BTC and Tether Dominance. (Remember, this is an RSI chart, not a price!) If you notice, head-and-shoulders patterns appear reversed on one chart and straight on the other. Already $BTC and #USDT .D are inversely proportional, as one rises, the other falls. This situation both explains the decline and indicates that the decline will continue.

"So how long will this decline last?" I can almost hear the question. As I mentioned in my previous posts, the strong support line is located at 50-52k levels. At the same time, this region is also the cooling region of weekly RSI values. This range is likely to be the region where the decline will stop. Therefore, it would be best for you to act calmly and not panic when adding or purchasing.#Bitcoin #Binance