Hey !! Good morning fam 😇
Just took a look at the BTC/USDT chart, and here’s what’s standing out to me. Both the Stochastic RSI and RSI are showing that BTC is overbought, which means buyers have pushed the price up a lot in a short time. The Stochastic RSI is at 99.7, and the regular RSI is around 93.4 – both pretty high.
Plus, BTC’s price is now above the upper Bollinger Band, which often indicates high volatility. This could mean we might see a pullback or a correction soon as the price settles back towards the average.
Might be a good time to be cautious with any new buys or think about taking some profits. Let’s keep an eye on it and see how it moves!