According to Mihir (@RhythmicAnalyst), the green line on the 1D timeframe oscillator marks the initiation of a bullish phase starting mid-September 2024, while the red line represents the breakdown of a bearish correction in December 2024. These indicators are crucial for traders assessing medium-term market trends.

According to Mihir (@RhythmicAnalyst), a positive divergence has been identified for Bitcoin (BTC) in one of the oscillators on a 12-hour timeframe chart, suggesting a potential bounce. The outcome is expected to be observed within the next 24 hours, indicating a short-term trading opportunity for BTC. Source: Mihir (@RhythmicAnalyst)

According to Mihir (@RhythmicAnalyst), a technical oscillator indicated a BTC price breakdown in mid-June 2024. Mihir clarified that he has not shorted BTC but is sharing insights based on technical analysis.