BTC - More HTF Signs of a Top

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BTC - More HTF Signs of a TopBitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTI outlined the lower timeframe (LTF) breakdown earlier today. That idea can be found here: Now examining the higher timeframe, specifically the daily chart, another significant structural development has appeared. Yet another lower high on the daily RSI has formed at the same trendline that has been developing since November 2024. I outlined this structure in more detail in my X article "Bitcoin's Dead Cat Bounce: What the Data Said Before the Crash" by Ryan Bolks. In that article I pointed out how this same daily RSI trendline helped me predict the $98,000 high before the drop to $60,000. I highly recommend reading that article, but if you would prefer to view the TradingView references only you can find those predictions here: In the idea above you can see how I had this trendline drawn and pointed out how BTC was very likely to continue losing momentum after a perfect rejection at overbought conditions combined with the RSI trendline. Ladies and gentlemen, here we are yet again at the exact same market structure. Just this time in April 2026 instead of January 2026, and at $79,000 instead of $98,000. Will history repeat itself? The answer is likely yes. There are so many reasons for this, many of which I have outlined in previous posts, but remember the trend is your friend until it ends. This RSI downtrend is not something to take lightly. It is important to respect the established structure until it changes. Once the RSI breaks above the downward trendline, momentum will finally have the opportunity to gain some real strength. But at present, momentum is set to decline from this trendline once again and price will follow. One thing I also want to note, though not outlined on this specific chart, is that a bearish divergence has also formed on the daily. A higher high in price paired with a lower high on the RSI. Finally, let's look at the 3D timeframe: At today's close price formed a perfect 3D doji. This is likely to reverse the short term trend and since price has been in a slight uptrend on the 3D this doji is likely signaling the start of a reversal to the downside. This most likely means that over the next few days we will see some sort of catalyst that gives the market a "reason" for selling to begin and momentum to accelerate back to the downside. The most obvious candidate on the calendar right now is the Federal Funds Rate decision and FOMC statement on Wednesday. Perhaps something in that statement does not align with market expectations and spooks market participants or something to do with the interest rate decision. On the other hand, perhaps a geopolitical development emerges as the trigger. Either way, based on the charts, it would not be a surprise to see something like this unfold. As always, stay vigilant, respect the trend until it ends, and I will continue providing updates on any significant developments in real time. Follow for more!