After the smash into the 09/07/21 bottom BTCUSD has been in a slow choppy rally that counts best as an Elliott Wave - Zigzag. The 30- minute RSI has reached its highest since the rally began on 09/07/21. Frequently this indicator has bearish divergences at tops. Perhaps there could be one more short-term rally to at or near the .618 retracement level.
If there's a top in the .618 area the next decline could be bigger than the drop into the 09/07/21 bottom.
Mark
If there's a top in the .618 area the next decline could be bigger than the drop into the 09/07/21 bottom.
Mark