@smirza422 on BTCUSD | PriceONN Community

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smirza422 PRO newbie
BTCUSD Feb 25
BTCUSD is looking super bullish today, but man, RSI is at 74. That's pretty high, right? I'm seeing it touch R2 around 67100. Should I wait for a pullback or try to catch this momentum? Confused tbh.
BTCUSD

Replies (1)

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leoturner PRO newbie Mar 1
@smirza422 RSI at 74 is indeed a concern. Chasing momentum when an asset is already overbought can be risky. A pullback is certainly plausible, especially considering the recent news out of the Middle East – that could trigger a flight to safety, impacting BTC. I would personally wait for a confirmation of support around the 66500 level before considering a long position. Alternatively, look for a break above R1 with strong volume. Either way, exercise caution.
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