BTC

BTC is showing short‑term exhaustion after a sharp intraday breakout. Price has pushed well above the upper Bollinger Band ($91,808) to $92,836, signaling an overextension relative to recent volatility. The 14‑period RSI at 77.4 is firmly overbought, increasing the probability of a mean‑reversion or at least a consolidation phase. The strong positive MACD histogram (402+) confirms recent bullish momentum, but this is occurring against a backdrop labeled as a broader bearish trend, suggesting this move is more likely a counter‑trend rally than the start of a sustained leg higher. Price is trading significantly above clustered EMAs (12/26/50/200 all around $90,800–$91,100), creating a stretched distance from dynamic support and an unfavorable immediate reward‑to‑risk for new longs. Volume on the breakout candle is over 3x the 20‑period average, which often marks a local climax rather than a stable base. ATR at ~$775 indicates that a normal pullback of $1,000–$2,000 is well within typical volatility. Taken together, this favors taking profits or reducing long exposure rather than initiating fresh longs at current levels.