Although I have always said top divergence, it is still at the daily level.
The current trend of the day really resembles the market from July to September 2021; although the prices are not similar, the momentum is very similar.
At the 3-day/week level, there is not much difference from the main uptrend.
As long as we can break through the 86k mark, this top divergence bull market will be stronger than the top divergence bull market of 2021.
86k should be considered as a distinguishing standard for this round of top divergence bull and main uptrend. Until it breaks through, we should still execute strategies based on the top divergence bull market.
Comparison of main uptrend and top divergence.
The main uptrend maintains a prolonged daily overbought condition, and even daily overbought is the beginning of a bull market.
The fundamental reason is that BTC has risen from 15k to 73k, with the bottom having increased so much. Unless it can really rise significantly, otherwise, it is casually divergent.
Unless it can decline in a sideways manner, or even drop to reset momentum, but currently there is none; we are still in the monthly level bull market that started in October 2023.
