BTC Key Signal at the $90,600 Level

Bitcoin broke through $90,600 and closed with consecutive bullish candles, revealing interesting details from a technical perspective. Looking back at history, BTC has experienced three instances of continuous upward movement at this level, during which the daily Stoch RSI reached 84, 85, 84, and even 100 — indicating severe overbought conditions.

What does such extreme overbought status usually imply? Market exhaustion. The subsequent move is often a correction or pullback. Past experience tells us that when this indicator is at such high levels, it’s difficult for the rally to continue.

But this time is different. The current daily Stoch RSI is relatively moderate and has not entered the extreme overbought zone that would be hard to sustain. This suggests there is still room for upward movement. In other words, if the indicator hasn't reached the "ceiling" levels seen in history, the momentum behind this rally may not be fully exhausted.

This is a positive signal for bulls — no need to prepare for a top so soon.