Bitcoin is experiencing a short-term bearish divergence, signaling a possible shift in momentum despite maintaining a bullish breakout on larger timeframes. This could lead to a long squeeze, with major liquidity building below the current price, pointing to a potential retracement to $60K.
Analysts are closely examining the four-day chart to understand these movements better. The bearish divergence indicates conflicting trends between the short-term and long-term outlooks, which could result in volatility as traders react to these signals.
