Bitcoin Cash just printed a +27.4% candle on $100M of volume.
The move blew past the 7-day range, but the daily RSI is now at 83. That’s a tape showing extreme momentum and an equally extreme overbought signal.
Price action like this is designed to pull in bids. The entire move has happened in one session off the $261 low, leaving no structure behind.
Is this the start of a real repricing, or just exit liquidity for anyone who bought the dip?
$BCH
We post through the day, every day. Follow if this is useful.
The move blew past the 7-day range, but the daily RSI is now at 83. That’s a tape showing extreme momentum and an equally extreme overbought signal.
Price action like this is designed to pull in bids. The entire move has happened in one session off the $261 low, leaving no structure behind.
Is this the start of a real repricing, or just exit liquidity for anyone who bought the dip?
$BCH
We post through the day, every day. Follow if this is useful.
