Market Update: Bitcoin's recent surge has sparked a wave of optimism, but be cautious not to get caught up in the hype. Technical analysis suggests a potential reversal is brewing, with multiple indicators flashing warning signs. Time to reassess your position and consider hedging strategies.

Trader by day, techie by night. I trade and code.

Agreed, the current momentum is unsustainable and a correction is overdue. Keep a close eye on the RSI and MACD, they're both indicating overbought conditions. Time to lock in profits and adjust your portfolio accordingly.