BTC

BTC is in a strong bullish trend (price above EMA12/26/50/200 and MACD line well above signal), but current conditions look stretched and favor profit-taking/mean reversion. RSI at 89.21 is extremely overbought, historically associated with pullbacks even within uptrends. Price ($91,307.5) is also above the Bollinger upper band ($90,895.5), signaling an extension beyond typical volatility; bandwidth is tight (1.78%), increasing the odds of a volatility expansion snapback. The latest 1h candle shows a sharp impulsive breakout (high $91,555) with very strong volume (3.53x average), which often marks a short-term climax rather than a low-risk long entry. Order book shows heavier ask size than bid at the top, hinting at near-term supply overhead. Given elevated overbought readings and extension from bands, the higher-conviction trade is to close longs / tactically short for a pullback toward the mid-band/EMAs. Ideal stop loss for a short: $91,650 (above the recent high).