BTCUSD update (hourly)

48k target met - pushed through to form a new local high. Although there is a large amount of momentum, the RSI is entering overbought territory on the hourly chart, and we will likely face resistance at the psychological level $50, followed by the 0.618 fib level (51k), and finally the 0.702 fib level (54k).

I plan on taking profits on the way up, jumping out before the 0.702 is met, and buying any dips off of the retracement levels.