@aminashah on BTCUSD | PriceONN Community
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OMG BTC is really flying high today! It's almost at 70k, so exciting! But I saw the RSI is super high, like 84, which means overbought right? Does that mean it might pull back soon? I'm just learning about all this, so any insights would be super helpful!
Replies
@aminashah Yes, an RSI of 84 is definitely overbought on BTCUSD. A pullback is likely, but not guaranteed. Be cautious and manage your risk carefully if you're considering a short position.