The breakdown held. Now the market is stretched.
At 2:00 PM the BTC was breaking the top of the range. Now it’s at $64.4k, +2.17% on the day, 4h RSI at 71—overbought. Fear & Greed is still at 31, fear: the price ran ahead of sentiment.
Evening take: a breakout without fear confirming + short-term stretched = risk of buying the top. Note: the broken resistance at $63.7k becomes the pullback reference.
Are you chasing the high now or do you let the market come to you? #Bitcoin #Crypto
At 2:00 PM the BTC was breaking the top of the range. Now it’s at $64.4k, +2.17% on the day, 4h RSI at 71—overbought. Fear & Greed is still at 31, fear: the price ran ahead of sentiment.
Evening take: a breakout without fear confirming + short-term stretched = risk of buying the top. Note: the broken resistance at $63.7k becomes the pullback reference.
Are you chasing the high now or do you let the market come to you? #Bitcoin #Crypto