Bitcoin’s OBV Signals Downward Trend, While Daily Chart Holds Hope

Bitcoin’s On-Balance Volume (OBV) indicator is flashing caution signals across various timeframes. On the weekly and 3D charts, Bitcoin’s OBV has broken through crucial support levels, suggesting a shift towards selling pressure. This trend could indicate a weakening upward momentum. While the daily chart remains intact with no signs of a breakdown yet, this presents an opportunity for bullish traders to see if they can find short-term signals like higher lows or divergence. 1. Traders are keeping an eye on both timeframes for a potential shift in the market. A breakthrough above this support level on the daily chart could indicate a change in sentiment and potentially lead to a rebound, while the weekly and 3D breakdowns suggest a shift towards bearishness.