#BTC FORMING BEARISH DIVERGENCE
Currently, BTC is trading at $34,800, facing significant resistance in the $35,000-$36,000 range. Nevertheless, it continues to adhere to a rising channel. About a week ago, we observed a GOLDEN CROSS in BTC, which is generally a bullish indicator. However, today, while BTC is still following an upward trend, there's a concerning decrease in trading volume, signaling a potential bearish pattern. Furthermore, the RSI is also decreasing concerning BTC, indicating a bearish divergence. This is a critical moment for caution. Based on past experiences, November hasn't been a great month for BTC, and we anticipate a potential drop after mid-November, with a retest of the $20,000-$24,000 zone.
What to do now?
If you haven't entered the BTC market yet, consider allocating around 25%-30% of your funds and await developments according to our plan. If BTC retraces to the $20,000-$24,000 zone, you can then consider entering with your full position. Conversely, if it moves in the opposite direction, wait for a break above $40,000 to confirm a breakout before making your entry. If you haven't entered the altcoin market, focus on high-cap altcoins that have experienced substantial drops, around 90%-95% from their all-time highs. Keep some funds in reserve for opportunistic entries. Remember that in this market, timing the lowest entry and the highest exit is challenging for anyone.
