Bitcoin Bearish Divergence Hits Amid Altcoin Breakouts
According to Aaron Dishner's September 4 market analysis, Bitcoin is exhibiting a daily bearish divergence within its strong weekly bullish trend. The daily Relative Strength Index (RSI) made a lower high while price reached a higher high, indicating potential weakness in the near term.
The weekly RSI stands at 74.25, and BTC broke above the TBO Resistance at $81,788 on Thursday without tagging the historical support that could define the bear-flag channel low.
Meanwhile, USDJPY remains short-term oversold after a recent dump but did not break below 155.025 and is already bouncing back up.