source avatarMidas

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🚨 $BTC MARKET IS MEGA OVERHEATED We have a huge bearish divergence formed with one of the highest RSI ever Same happened back in May and it resulted in ~40% dump Now we are repeating this pattern exactly, but this time the market is even more overheated Back in May sentiment also flipped insanely bullish and everyone expected continuation higher And we didn’t even have RSI this stretched back then The key level now is $83K If we close the month below it, the HTF bearish structure stays intact and I expect the next move to be lower Then the only question is how deep we go Another ~40% move from these highs puts BTC around $54K Maybe we never touch $50K in this bear market But I still think we make a new low before the real bottom is in Remember that I am posting news daily and monitoring each major macro event to post and warn you So make sure to follow me and turn notifs on

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