$BTC 's RSI just hit 81.07. That's not a "get in before it's too late" signal — it's the market telling you the easy money already got made.
Bitcoin ripped from $64,000 to a $81,235 intraday high on a $4 billion short squeeze, and $2.77B in bearish positions got forcefully liquidated in a 45-hour window. That's the fuel behind this move — and Glassnode says roughly 86% of it just got burned up. An RSI above 80 means buying velocity is nearly vertical; historically BTC struggles to hold that zone on major timeframes without a cooling-off period first. Buying here isn't buying strength. It's buying the tail end of a squeeze that's mostly already happened.
Bias: elevated short-term risk for new longs. Cools off two ways — a sharp pullback toward the $75,000-77,600 support cluster, or sideways chop that resets RSI without price dropping. Which kind of cool-off do you think this move earns? #bitcoin
Bitcoin ripped from $64,000 to a $81,235 intraday high on a $4 billion short squeeze, and $2.77B in bearish positions got forcefully liquidated in a 45-hour window. That's the fuel behind this move — and Glassnode says roughly 86% of it just got burned up. An RSI above 80 means buying velocity is nearly vertical; historically BTC struggles to hold that zone on major timeframes without a cooling-off period first. Buying here isn't buying strength. It's buying the tail end of a squeeze that's mostly already happened.
Bias: elevated short-term risk for new longs. Cools off two ways — a sharp pullback toward the $75,000-77,600 support cluster, or sideways chop that resets RSI without price dropping. Which kind of cool-off do you think this move earns? #bitcoin
