BTCUSD intraday

There is a bullish divergence between the price action and the RSI. RSI is trending up while price trends down. Yesterday looked like the sellers would capitulate but a high volume sell off occurred and we left the regression trend to start a new day. However, given how low the RSI is, over the last 12 hours price seems to have found support @ $53,500. I'm buying.
Trend Analysis

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