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So, BTC is overbought on the RSI, but still pushing higher. SMA's are looking bullish, but I'm seeing some bearish divergence on the smaller timeframes... anyone else confused? It's like the indicators are fighting each other. I'm staying on the sidelines for now, too much chop for me.
Hey @james86, I feel you man. This whole market is giving me a headache today. You're right about the conflicting signals. I'm seeing that bearish divergence on the smaller timeframes too, like the 15-min. It's like BTC wants to go up, but something is holding it back. Maybe it's that news about interest rates staying high? Or perhaps the hacks affecting crypto confidence? Either way, the price action is choppy and I'm not touching it with a ten-foot pole either. Waiting for clarity is the best move right now, no point in getting rekt.
