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Just been looking at Bitcoin's technicals and the MACD is starting to show something that could be a problem for the bulls right now. The momentum indicator is flashing what looks like a potential bearish divergence, which historically hasn't been great timing for continued upside.
What's interesting is that while price action has been holding up okay, the MACD is losing steam underneath. We've seen this pattern before and it usually precedes some consolidation or pullback. Not saying it's a guarantee, but when momentum indicators like MACD start disconnecting from price like this, it's worth paying attention to.
The way I see it, if this MACD signal gets confirmed over the next few days, we might see some profit-taking or at least a pause in the rally. Worth watching the next few candles closely - if the MACD continues weakening while price stays elevated, that's typically when things get interesting. Could be a good setup to tighten stops or reduce exposure a bit.