#BTCUnbound When the Relative Strength Index (RSI) > 70, it indicates that the asset (such as a cryptocurrency or stock) is in a state of overbought.
What does this practically mean?
✅ The price has risen significantly and quickly.
⚠️ There may be a high probability of a price correction (temporary decline).
📉 Some traders consider it a sell signal or for taking profits.
❗ However, it does not necessarily mean that the price will drop immediately – it may remain high for some time, especially in strong market trends (Uptrend).
Tip:
It is always better not to rely solely on the RSI, but to use it in conjunction with other indicators such as:
MACD
Candlestick patterns
Trading volume
Support and resistance
