Sorry Guys,šØ Bitcoin's RSI Is Screaming "Danger" ā But No One Wants to Hear It šØ
But the good news is this is only deep correction not a trend change,Sorry guys but this is what I see on the chart and history ,..
Alright, Bitcoin fanatics, gather around. šŖ Letās talk about this shiny, overpriced digital asset thatās climbing higher than your weekend hopes and dreams. Sitting comfortably around $104K, BTC has been flexing like it just bench-pressed the entire market. But waitābefore you pop the champagne, there's an ugly truth on the charts.
The RSI (Relative Strength Index), that pesky little momentum indicator we pretend to care about, is whispering (actually, shouting):
āThis rally is losing steam, guys!ā
RSI Breakdown: Bearish Divergence Alert šØ
Let me put it simply for those sipping hopium š« :
1. Price is making higher highs. šÆ
Yes, the chart looks gorgeous. Higher highs, bullish breakoutāBTCās flexing on all your other investments.
2. RSI? Oh, thatās making lower lows. š
Itās like BTCās price and RSI are in a messy breakup. While price is out here celebrating, RSI is sulking in the corner, screaming āIām tired, dude!ā
This is called a bearish divergence ā one of the clearest signals in technical analysis that momentum is fading. When it happens, the chart says, āWatch your back.ā š¬
But BTC Broke $106K! Whatās the Problem? š¤
The problem, my friends, is that this climb is running on fumes. Volume is drying up, the bulls are slowing down, and RSI has already tapped out of the game.
To paint the picture clearly:
BTC price = The hero running up the hill.
RSI = The sidekick dragging his legs, wheezing like a 90-year-old after a flight of stairs.
And you know what happens when the sidekick collapses? The hero looks back, panics, and stumbles down the hill too. Sorry, but the charts donāt lie.
Key Levels You Shouldnāt Ignore š
If this bearish divergence plays out (which it might, Iām sorry), hereās where BTC could pull back to:
$95,000: First support zone, but donāt get too comfy. š
$88,000: The 38.2% Fibonacci retracementāaka the āDid I buy the top?ā support level.
$82,500: The 50% retracement. If BTC gets here, youāll hear āpanicā trending on Crypto Twitter faster than āBREAKOUT.ā
But What If Iām Still Bullish? š
Oh, sure, bulls, keep holding your bags while BTC flirts with $106,500 resistance. If it breaks and holds above $110,000, fineāIāll eat my words. But letās be real:
Momentum is dying. Volume looks like a desert. The RSI is flat-out quitting. Youāre fighting gravity at this point.
Hereās the Truth: The Smart Money Is Watching š
While retail traders are out here FOMO-ing into āinevitable $120K predictions,ā the smart money is quietly eyeing bearish divergences and placing their bets for a correction. And when BTC dips, theyāll scoop it up from your trembling hands.
Final Thoughts: Itās Not Personal, Itās Just the Chart
Look, I get it. The marketās emotional. Youāre emotional. Iām emotional! But the RSI and price donāt care about your feelings. This bearish divergence isnāt here to playāitās here to warn you.
So before you dismiss this as āFUD,ā just remember:
Price up, RSI down = Momentum problem.
High hopes donāt beat math.
Sorry, but thatās what the chart says. š«” Keep an eye on those levels, folks, or donāt say I didnāt warn you when BTC starts revisiting $88K.
š Now, your moveādo you trust the chart or roll the dice? š²
$BTC
# #deepcorrection
#notrendchange
#onlydeepcorrection