Greed spikes into the FOMC window – Can Bitcoin avoid another sentiment trap?
Retail is bidding Bitcoin aggressively forward of the FOMC—however is that this precisely why greed is spiking now?
Bitcoin [BTC] traded between $92,700 and $93,000 via the session and held above the 4h EMA Ribbon. That stored the short-term bias barely bullish. Even so, repeated rejections close to $94,000 confirmed hesitation as consumers struggled to realize management on the first provide zone.
Supply: TradingView
This zone remained a significant directional pivot. A transparent break above it might have opened room for continuation. Against this, one other rejection bolstered the view that momentum was fading regardless of retail enthusiasm.
Retail FOMO surge and sentiment shift
In accordance with Santiment, mentions of “larger” and “above” climbed throughout X, Reddit, and Telegram as Bitcoin recovered from earlier weak spot. Retail confidence surged as costs flattened, echoing earlier intervals the place FOMO spiked earlier than corrections.
That mattered as a result of markets usually moved reverse to retail positioning. Whereas FOMO strengthened, Bitcoin stalled as a substitute of extending, displaying that emotional consumers stepped in late as momentum cooled.
What the bearish RSI divergence suggests
RSI Divergence confirmed decrease highs on the indicator whereas Bitcoin tried to push larger. That sample usually hinted at weakening energy even when the worth held key ranges.
Having mentioned that, consumers continued to react every time RSI dropped into mid-range territory. That response protected the broader construction, but it surely didn’t erase the warning implied by momentum alerts.
Might a provide zone faucet carry BTC?
A decisive transfer via $96,500 might have invalidated hesitation close to $94,000 and opened the trail towards a $100,000 reclaim. If consumers gained management there, the higher goal close to $105,000 may need come again into view.
Failure to clear the zone stored consideration on close by assist. With divergence nonetheless in play, shedding assist would have confirmed that exhaustion outweighed retail optimism at this stage.
Last Ideas
- Bitcoin’s momentum softened close to $94,000, RSI Divergence flashed early warnings, and social sentiment confirmed merchants rising grasping as worth stalled.
- Till Bitcoin clears its provide zone with conviction, retail-driven optimism stays susceptible to sharper pullbacks than anticipated.
