$BTC sitting right at $71.6k Fib resistance with RSI at 92.17 — absolutely cooked.
This is textbook overbought. Either we punch through and run it higher (copium), or we're setting up for a nasty wick down.
Watch for rejection here. If volume dies and we can't hold above $71k, expect blood. If we break and hold? Then maybe we're actually different this time.
Don't get cute longing the top.
This is textbook overbought. Either we punch through and run it higher (copium), or we're setting up for a nasty wick down.
Watch for rejection here. If volume dies and we can't hold above $71k, expect blood. If we break and hold? Then maybe we're actually different this time.
Don't get cute longing the top.