Technical analysis by wethecoin about Symbol BTC: Sell recommendation (6/24/2023)

BTC relatively overbought. We have entered elevated territory on the BTC Daily RSI. This coincides with the 3d higher high on BTC since dipping below $16,000 last November. After making the 3d higher high yesterday, BTC has traded back down below 31,000 as of this post. Unless BTC can see multiple, higher daily closes (above $31,000), I will favor the sell-side and expect lower lows. Shorts are a good risk to reward at this time. If BTC does see multiple higher closes above 31K , expect to test $38K next. I'm not actually trading BTC at this time, but I saw the chart setup and thought I would share... Not trading advice