An Impulse Not Seen Since Covid

The current price jump produced an impulse on the four-hour RSI indicator that has not appeared since the time of Covid.

What does this tell us?

Buyer aggression of this kind has not appeared for many years over such a narrow period of time, and this is an indicator of high greed and FOMO. Maybe people are afraid of missing the growth of crypto, as they missed the growth of AI-related projects. Maybe capital is simply moving into more undervalued assets. Or maybe the market is overestimating Trump's statements, as it did at the start of his second arrival.

For me, this is a sign that an interesting and dangerous period is ahead, because this kind of market behavior clearly shows that participants are acting on emotion and that exchanges have an obvious shortage of BTC and ETH supply.