Anyone else a bit concerned about BTCUSD being so close to overbought territory? RSI is pushing 60 on the 14-day. I'm wondering if we'll see a pullback soon, or if momentum will carry it higher. What are your thoughts on potential resistance levels above 68500?
Update: Looking at the Bollinger Bands, we're right at the upper band now. Could indicate a short-term top. I'm thinking of tightening my stop-loss a bit, just in case. I've been holding this position for a while, so I'm happy to lock in some profit. Maybe a small short position if it breaks below 68100? What are you all seeing on your charts? Keen to hear other perspectives. My long term outlook is still bullish, but a correction seems likely at these levels. Gotta manage risk, right?
