BTC When will the Bitcoin selloff end??

I've previously mentioned in a BTC (Bitcoin) trading idea that the ETF approval would be a 'buy the rumor, sell the news' event:

Now, we observe a continuation pattern with bearish divergences on the RSI.
A bearish divergence is a term used in technical analysis to describe a situation where the price of an asset is moving in the opposite direction of a technical indicator. In particular, it occurs when the price of the asset is making higher highs, but a related indicator, such as the Relative Strength Index (RSI), is making lower highs.

My current price target is 39K , representing the next regional support.

Trade chiuso: obiettivo raggiunto:

Price target reached!
Bullish reversal!