BTC
Currently, Bitcoin has entered the overbought area on the four-hour chart.
Looking back at the past four overbought situations, the first three showed a trend of continuing to rise after a small correction, but the fourth directly suffered a 10% drop.
This time, whether Bitcoin faces a small correction or a sharp drop, the EMA20 moving average will become a key indicator.
If the price can effectively get support above this moving average, then its subsequent trend may remain positive; otherwise, it may face more severe downward pressure.
