Bitcoin

Bitcoin RSI Cooldown Before $88K? Key Support Levels to Watch

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Bitcoin is showing strength towards the $88,000 mark, but the RSI on the 1-hour and 4-hour timeframes is significantly overbought, signaling the need for a healthy retracement.

I’m expecting BTC pullback to the RSI 50 midline, which could align with a price retrace to around $85,000–$83,000. If BTC loses the $85K level, 83K comes next. A deeper retest could bring it back to $80K, which may serve as a high-conviction long zone.

Trading Plan:

Short scalp while RSI is overheated.

Long entries: $85,600 zone if structure holds.

Keep your eyes on volume and RSI reaction near key levels.

Penafian

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