BTC - Dead Cat Bounce CompletedBitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTHere is an update to our last post: In my last post we stated, "we should see BTC move somewhere between $98k-$102k to create a potential lower high. This would be in line with the 0.236 Fibonacci level (red) as well as the 50 MA (weekly) acting as a new resistance level." So far this is exactly what has happened. BTC has rebounded from around $89k to our lower target level of $98K. So far sellers have respected the 0.236 as well as price getting rejected from the 100 MA on the daily (orange MA). Current selling pressure has also signaled major weakness. If you look at the RSI (bottom) you will see the strength has been diminishing since the high put in all the way back in November 2024 and most recently the high established around May 2025. This strength diminishing is represented by the LH (lower highs) and red circles I have drawn on the RSI. Also with this last pump, the strength has rejected right off overbought conditions (70), which is usually a major signal. This is also the first lower low (price action) and (lower high) since our bearish divergence started. This bearish divergence was created with a series of higher highs (up to $126k) and a series of lower highs on the RSI. However, we are now seeing the lower highs continue on the RSI as well as price action! The only potential saving grace for the short term is if price can hold this black trendline and bounce a little higher to test the green 50MA on the weekly in our last post. However, I would use caution and take these warning signs very seriously as our past data shows this current price action would correlate with the next bear market drop not too far out.