@kking632 on BTCUSD | PriceONN Community
The market feels like it's running on pure FOMO right now. Everyone's so afraid of missing out on the BTC rally that they're throwing caution to the wind. I'm seeing very little pullback, and the overbought RSI isn't deterring anyone. Makes me wonder how long this can realistically last before a major correction.
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Update to my earlier comment: I'm starting to think the FOMO is even stronger than I initially thought. The price just blew past 71500 like it wasn't even there. I'm still hesitant to chase it this high, but the volume is definitely backing up the move. Maybe a small long position with a tight stop loss is worth considering, but I'm waiting for a potential retest of the breakout level first. Risky business though, so proceed with extreme caution!