Everything is so. Overbought on the weekly timeframe + peak of the third wave according to Elliott. We will soon fly down.

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. 🎪 Let’s talk about this shiny, overpriced digital asset that’s 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 wait—before 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):
“This rally is losing steam, guys!”

RSI Breakdown: Bearish Divergence Alert 🚨

Let me put it simply for those sipping hopium 🫠:

1. Price is making higher highs. 🎯

Yes, the chart looks gorgeous. Higher highs, bullish breakout—BTC’s flexing on all your other investments.

2. RSI? Oh, that’s making lower lows. 📉

It’s like BTC’s price and RSI are in a messy breakup. While price is out here celebrating, RSI is sulking in the corner, screaming “I’m tired, dude!”

This is called a bearish divergence — one of the clearest signals in technical analysis that momentum is fading. When it happens, the chart says, “Watch your back.” 😬

But BTC Broke $106K! What’s the Problem? 🤔

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 don’t lie.

Key Levels You Shouldn’t Ignore 🔑

If this bearish divergence plays out (which it might, I’m sorry), here’s where BTC could pull back to:

$95,000: First support zone, but don’t get too comfy. 📉

$88,000: The 38.2% Fibonacci retracement—aka the “Did I buy the top?” support level.

$82,500: The 50% retracement. If BTC gets here, you’ll hear “panic” trending on Crypto Twitter faster than “BREAKOUT.”

But What If I’m Still Bullish? 🐂

Oh, sure, bulls, keep holding your bags while BTC flirts with $106,500 resistance. If it breaks and holds above $110,000, fine—I’ll eat my words. But let’s be real:
Momentum is dying. Volume looks like a desert. The RSI is flat-out quitting. You’re fighting gravity at this point.

Here’s the Truth: The Smart Money Is Watching 👀

While retail traders are out here FOMO-ing into “inevitable $120K predictions,” the smart money is quietly eyeing bearish divergences and placing their bets for a correction. And when BTC dips, they’ll scoop it up from your trembling hands.

Final Thoughts: It’s Not Personal, It’s Just the Chart

Look, I get it. The market’s emotional. You’re emotional. I’m emotional! But the RSI and price don’t care about your feelings. This bearish divergence isn’t here to play—it’s here to warn you.

So before you dismiss this as “FUD,” just remember:

Price up, RSI down = Momentum problem.

High hopes don’t beat math.

Sorry, but that’s what the chart says. 🫡 Keep an eye on those levels, folks, or don’t say I didn’t warn you when BTC starts revisiting $88K.

🚀 Now, your move—do you trust the chart or roll the dice? 🎲
$BTC

# #deepcorrection
#notrendchange
#onlydeepcorrection