💥Bull market overbought triggers Bitcoin pullback!
⚡️Is it an opportunity or a trap?
On September 30, Bitcoin experienced significant fluctuations.
It fell from a high of $66,000 to around $63,000.
This round of decline is a typical bull market pullback phenomenon after overbought.
BTC is overbought in the short term, and the greed and fear index is rising.
The current short-term signal has turned bearish, indicating a possible pullback in the next few days.
Manufacturing new orders data is close to recession levels, which makes tomorrow's data highly uncertain.
If the reading falls below 48.0, Bitcoin may fall again, otherwise it may rise.
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