#Strategy加仓BTC $XMR recently hit a new all-time high, but then experienced a clear pullback from the high levels. Let’s look at the technical situation: the RSI indicator has soared above 83, which is a clear sign of overbought conditions. The upper band of the Bollinger Bands is also a critical resistance point, with the price repeatedly facing resistance there.
From this perspective, the risk of a deep correction is indeed accumulating. Many traders are starting to consider whether it’s time to position for short positions. After all, excessive gains often require time to digest. What do you think about the current market trend?
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MiningDisasterSurvivor
· 6h ago
RSI soaring to 83? I've experienced that before, during the crazy surge in 2017, and in the end, it was just a complete wipeout... Short position setup? Forget it, this kind of technical analysis is just a sedative for retail investors; the project team has already dumped the market.
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SmartContractPhobia
· 6h ago
RSI soaring to 83? Ha, isn't this just a signal to cut losses? Historical highs are often just celebrations for big players.
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AirdropHustler
· 6h ago
RSI skyrocketed to 83? Haha, I've seen too many of these "inevitable corrections," and yet it went up again.
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ChainWanderingPoet
· 6h ago
RSI soaring to 83 and still talking about a correction? I think it still needs to push further; hitting a new historical high is how it’s done.
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FantasyGuardian
· 6h ago
I've seen RSI83 type things many times. Every time they say it will drop, but it keeps going... However, this wave is indeed a bit fierce.
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BlockDetective
· 7h ago
RSI is already at 83, still dare to chase? This wave is indeed risky, but I think most people will still FOMO in...
#Strategy加仓BTC $XMR recently hit a new all-time high, but then experienced a clear pullback from the high levels. Let’s look at the technical situation: the RSI indicator has soared above 83, which is a clear sign of overbought conditions. The upper band of the Bollinger Bands is also a critical resistance point, with the price repeatedly facing resistance there.
From this perspective, the risk of a deep correction is indeed accumulating. Many traders are starting to consider whether it’s time to position for short positions. After all, excessive gains often require time to digest. What do you think about the current market trend?