BTC - Use Caution
2024-12-09

Just wanted to provide a quick update. With todays daily close we did see a bearish signal. Not only did we see a railroad track, but also the daily RSI get rejected twice off overbought conditions (70). Therefore do not be surprised if we do see a pullback from these levels.  

To negate these bearish signals we need to see two things happen. The first would be closing a second candle above the $100k level. The second would be closing the daily RSI back above the 70.