Bitcoin Shows Bearish Divergences Across Timeframes, Rally Above $110,000 May Face Resistance
2025-07-03 19:51:06

Main Idea
Bitcoin shows bearish divergences across multiple timeframes, indicating weak bullish momentum and potential pullbacks despite attempts to break the $110,000 resistance level.
Key Points
1. Bitcoin's price surge to $110,500 faced significant resistance, with bearish divergences noted on 15-minute, one-hour, and four-hour charts.
2. Momentum indicators like the Relative Strength Index (RSI) are trending downward, suggesting potential retracement toward support levels between $106,000 and $107,500.
3. Neutral funding rates reflect market uncertainty, with liquidity sweeps and sell pressure indicating a potential bull trap above $110,000.
4. Traders should monitor key levels for signs of a confirmed breakout or reversal, as Bitcoin's price behavior near $110,000 is characterized by conflicting signals.
5. Despite the bearish signals, the potential for a breakout above $112,000 exists if momentum and open interest align.
Description
Bitcoin’s recent price action reveals multiple bearish divergences across key timeframes, signaling potential challenges ahead for sustaining rallies above $110,000. Despite optimism among some traders anticipating a breakout beyond $112,000,
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