BTCUSD—Extreme Greed Hits; Potential Correction Before Next Pump
GM crypto bro’s! This morning, the fear and greed index has surged to extreme greed at 77, while Stoch RSI edges back towards overbought levels.
BTC has seen a substantial pump over the past few days, reaching a peak of 73,613 yesterday. On the weekly timeframe, the next target may be around 82K. However, given the extreme greed conditions, a correction could likely come first, potentially down to the 69K area, before any further massive pump.
Don’t FOMO—keep risk management top of mind. Akki signing off—one chart, one love. Have a great day and stay SAFU.
BTC has seen a substantial pump over the past few days, reaching a peak of 73,613 yesterday. On the weekly timeframe, the next target may be around 82K. However, given the extreme greed conditions, a correction could likely come first, potentially down to the 69K area, before any further massive pump.
Don’t FOMO—keep risk management top of mind. Akki signing off—one chart, one love. Have a great day and stay SAFU.
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