• Rejection is seen at the 0.382 Fib level.
• The large CME Gap has already been filled.
• Still trading below the trendline.
• The market is very long - about 15B vs 3B Shorts.
• RSI already in the overbought zone.
All in all, $BTC looks a little weak below this level. A sudden dump of -10% could come at any time. The reversal signal seems close.
BTC
80,867.25
-0.61%