Affected by the news last night, BTC experienced some small negatives in the market, causing the price to first rise to around 73,000, then quickly fall back to around 68,600, and finally rise back to around 72,000, forming a sideways trend, which showed that it did not rise. The state of not falling. Although the RSI indicator at the weekly level is above 90 and is in an overbought state, in a bull market, the amount of funds is often greater than everything else. Therefore, the overbought state does not necessarily lead to a price drop, but the driving role of funds needs to be considered. The MACD indicator at the daily level shows some signs of weakening, and the fast and slow lines have turned, suggesting that the upward momentum may have weakened slightly, but there is no obvious peaking pattern yet, and it is still possible to continue to break through the previous high. On the 4-hour chart, prices are climbing along an ascending channel and are currently experiencing a third top divergence. If the market performs too strongly, it may only take time to digest the gains and continue to reach new highs.
