BTCUSDT 4H | Bitcoin market overview: Bearish OBV

Hello, dear subscribers!

In the last review we discussed the upward trend of bitcoin prices.
Since then, the price has increased, showing a maximum at $11,179. In the last 5 days the price range has narrowed to $10,700 - $11,179. Indicators RSI and MACD show weakening of the bulls. The RSI value is below 50. The OBV indicator at the top of the uptrend - $11,179 showed a decline in purchases. This indicates a trend reversal and a set volume of short positions. In the near future, the bitcoin market may test the support zone - $10,500. If the bulls attack is successful, the next target of the bears will be - $9,500 - $9,700.

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