Bitcoin's Short-Term Resistance : Bears on the Watch**
#Bears #resistance #Bitcoin❗ #CryptoMarketMoves
Bitcoin is facing short-term resistance, as seen with a slight reversal from the diagonal purple resistance on the chart. While it's too early to confirm a full reversal, caution is advised.
The RSI indicator is flashing overbought, similar to previous instances that led to reversals. With Bitcoin hitting resistance and RSI overbought, this may not be an ideal time for bullish trades. For aggressive bears, this could be a good setup for a bearish swing trade.
Watch for a breakout before making any moves.
