The most important bearish divergence is the OBV (On Balance Volume) which shows us that the price is rising while the volumes are falling.

We had bearish divergences on the RSI and the MACD but without the OBV so no confirmation.

We are approaching the beginning of September which often ends in the red on the BTC and the traditional stock market during a Bear market, and if it starts to short strongly to anticipate we can have a big hunt for shorts in the north, and finally to check if it's a real up trend or a fake one, then to monitor volumes, news, correlation and other technical indicators.

https://www.tradingview.com/x/1MfldWJd/

👉 Please follow the links below to the best & Secured Exchanges that I use for trading & often gives rewards for using their platform like Learn & Earn Program, making deposit & Trading on spot or Futures, Trading Competition, ...etc.

📈 Binance: https://www.binance.com/en/register?ref=12258276

📈 FTX: https://ftx.com/#a=1768923

📈 Bybit: https://www.bybit.com/app/register?ref=7Wgmj

📈 Phemex: https://phemex.com/register?group=718&referralCode=BAR9K

📈 Bitmex: https://www.bitmex.com/app/register/xXePh3 

📈 Kucoin: https://www.kucoin.com/ucenter/signup?rcode=Kvyf2d