Short Entry Opportunity as RSI Divergences Signal Weakness Near $70K

#RSIDivergence #RSI #CryptoMarketMoves #Write2Earn! #BinanceSquareFamily

Bitcoin (BTC) recently encountered resistance near the **$70,000** liquidity zone, with price rejection suggesting potential weakness. Traders are observing **two RSI divergences** forming at the last high, signaling bearish momentum may be building.

This setup presents a possible **short entry opportunity**, with a tight stop-loss placed above the recent highs to manage risk. A favorable **1:3 risk/reward ratio** can be targeted, offering solid returns if the price reverses further down from this resistance zone.

Conclusion & Advice :

The combination of RSI divergences and rejection at the **$70K** level provides a potential shorting opportunity for traders. Ensure to keep a **tight stop-loss** and watch for confirmation in price action before entering. Be mindful of volatility and adjust the trade based on market conditions, as crypto markets can move quickly.

Patience and risk management are key to capitalizing on this setup.