#BTC
• The RSI indicator shows a level of 61.56.
• Level 60-70: considered close to overbought territory, indicating that the upward trend may lose strength soon.
• If the RSI continues to rise and reaches 70 or above, it could be a signal of overbought conditions and the likelihood of a correction or decline.
• If the RSI reverses from this level and starts to decline, it may indicate that buyers are losing control.
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When should you exit?
• If the RSI exceeds 70, this can be considered an exit signal to lock in profits.
• If the RSI starts to sharply decline from the 61-70 level, it may be worth considering an exit to avoid a correction.
• It is preferable to use other indicators to confirm market movement, such as MACD or Volume SMA.