A WEEKLY REVIEW $BTC
Weekly Stoch RSI was running hot but overbought doesn’t automatically mean a crash. BTC can cool off by moving sideways rather than falling off a cliff.
I’m not expecting fresh highs this month. Consolidation around current prices or slightly lower is the scenario I’d prefer. No reason to force a long that only works if Bitcoin rallies immediately.
A boring stretch now can set up a much better move later.
Weekly Stoch RSI was running hot but overbought doesn’t automatically mean a crash. BTC can cool off by moving sideways rather than falling off a cliff.
I’m not expecting fresh highs this month. Consolidation around current prices or slightly lower is the scenario I’d prefer. No reason to force a long that only works if Bitcoin rallies immediately.
A boring stretch now can set up a much better move later.