Technical analysis by FieryTrading about Symbol BTC on 9/14/2024

In this analysis I want to take a look at BTC's short-term price action: what can we expect over the next few days?As seen on the chart, the price is currently slightly reversing from the diagonal purple resistance. It's too early to call for a reversal, but we have to be cautious nevertheless.On the bottom you can see the RSI indicator flashing overbought. The previous 2 times this occurred it caused a reversal.This is exactly the same as today: RSI overbought and hitting resistance. This is not a time to be bullish. I'd wait for the price to pierce through the resistance. For aggressive bears, however, this seems like a perfect bearish swing-trade.Price is currently reversing from the exact area that I indicated in my analysis. If this continues we can easily move back towards the 54k-53k area.