The crypto market has no perpetual motion machine; after a surge, it must take a breather—OKB's threefold rocket has now reached the point to fasten your seatbelt!

Trend Analysis

OKB violently surged from $45 to $142, a threefold increase, and has now fallen back to around $122. This is akin to a roller coaster abruptly stopping after reaching the peak—short-term profit takers are cashing out wildly, but the bulls are still defending the psychological level of $120.

Reason for the Surge: Massive token burn + multiple benefits from X Layer upgrades, leading to a sharp increase.


Technical Aspects:

RSI 99.74: This number is more exaggerated than the peak of the bull market in 2021, equivalent to everyone voting with their feet to buy in, but historical data tells us that when RSI > 95, 90% of the time, it will peak within 72 hours.

MACD Red Bar Shortening: The bulls' strength is like a deflated balloon, with the divergence between DIF and DEA widening, which is a typical "top divergence"—prices are hitting new highs, but momentum is lagging, and bears could strike back at any moment.

Decreased Trading Volume: The early session volume was 1.14 million, down 40% from the peak, indicating that large funds are starting to exit, leaving only retail investors stabbing each other.

Long Brother's Viewpoint: This wave of market movement is a triple bubble of "news + leverage + retail sentiment," and now the bubble has reached a critical point. Unless OKX throws down a bomb tonight, a pullback is a high probability event.

Long Brother's Viewpoint:

Aggressive Approach: Lightly short near $122, with a stop loss at $143, targeting $115 → $110. But remember, this is a blood-stained blade; leverage should not exceed 3x.

Conservative Approach: Wait for the RSI to drop below 70, or for a pullback to the $115 support level.

Death Line: If it falls below $115, the trend will weaken and may deeply retrace to the $100 level.

The harsh truth of the crypto market is: 90% of people chase high prices during surges and cut losses during crashes, ultimately losing money. Today's OKB market is either the starting point of a bull market or a game of funds? Tell me your thoughts in the comments, like and follow, #OKB

Bull markets are fleeting; what you lack is not opportunity, but the courage to pull the trigger! Follow Long Brother, and let me lend you a hand.