FOMC SHOCKWAVE HITS BTC! RETAIL GREED SPIKE!
$BTC traded between $92,700 and $93,000. Held above 4h EMA Ribbon. Buyers struggled near $94,000 supply zone. Rejections show momentum fading despite retail enthusiasm. Mentions of "higher" and "above" surged across social platforms. Retail confidence echoed previous FOMO spikes before corrections. Markets often move opposite to retail positioning. Bitcoin stalled instead of extending. Bearish RSI divergence shows weakening strength. Buyers reacted to RSI dips, protecting structure but not erasing caution. A decisive move through $96,500 could invalidate hesitation. Target $100,000, then $105,000. Failure to clear zone confirms exhaustion.
Disclaimer: Trading is risky.
BTCUSDT
Perp
90,154.7
-2.57%