BTC appears to have local top signal
Although I issued a risk warning the day before yesterday, Bitcoin further increased yesterday, but it is already at its limit, and there are obvious local top signals:
1. The 4-hour RSI has shown two consecutive top divergences, which is a clear overbought signal;
2. ETFs with strong indicative comparisons like FBTC, ARKB, BITB have ended a consecutive net inflow for 5 trading days, turning into large net outflows, indicating that the ETFs have shifted from buying to selling;
Next, Bitcoin's trend has two possibilities:
Scenario 1: The third wave of the fifth major wave has been completed, and the fourth wave has begun, followed by a pullback to STH RP;
Scenario 2: The third wave of the fifth major wave has not been completed, and there will first be a pullback to MA30, then continue to rise.
It is still hard to say which possibility is greater, mainly depending on whether Bitcoin will effectively break below MA30.
Current MA30 corresponding price: 98400, STH RP corresponding price: 84000
