btc weekly is overbought and the monthly is oversold. that combo is the signal through the noise for this dip
Mitch broke it down on our pod earlier this week and literally called this dip perfectly:
"weekly overbought historically means sideways to down chop for a few weeks before the next leg"
"but the monthly oversold has only been there 4 to 5 months"
"in 2018-19 and 2022-23 the monthly stayed oversold for 10 to 16 months. and price was not higher during those stretches"
so is this an optimal $BTC entry? probably not. But it also might not be a bad entry now that we've made it into the 70's
anyone calling a top off the weekly chart is ignoring the much bigger timeframe screaming the opposite.
RE: LeoThread 2026-05-16 23-08