Is the macro top in? (Spoiler: it's not)

During the last two bull runs one of the best macro top indicators was simple RSI on 1 month timeframe. Every time it crossed over 90 on 1M—topping at 97 in 2017 cycle and at 92 in 2020-2021 cycle—it marked the pico macro top for Bitcoin and therefore the end of the bull run.

Well, the good news is that currently the crypto market is neutral to only slightly overbought on the monthly timeframe. $BTC 1M RSI is at 69 and $ETH 1M RSI is at 62 whilst most of other top 100 coins comfortably sit below 60 RSI.

What does it mean? Relax during the dips and enjoy the ride.

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