$BTC $BTC

After the price increase wiped out liquidity in the 102k range. The target of market makers is the liquidity area from 99k to 93k.

The 4H chart of Bitcoin has an RSI that has exceeded 75. This is quite high. According to previous instances, when reaching the RSI 75 zone, the Bitcoin chart tends to reverse. In the current RSI chart, if the H4 candle closes as a reversal candle (pinbar), we will see a slight divergence in the RSI in this area.

Therefore, it is expected that in the coming days, the price of BTC will cool down and may reach the 93k price area.

People should not FOMO too much into these push cycles. It is advised that holders should remain calm, only short-term traders need to pay attention to this information.