After weeks of consolidation between $63,000 and $65,000, Bitcoin surged nearly 4% to approximately $71,950, placing it squarely in its crucial resistance zone between $71,500 and $72,500. The daily RSI reached approximately 79, indicating overbought territory and increasing the likelihood of volatility and profit-taking. Ethereum produced an even more aggressive breakout, breaking through several resistance levels to reach approximately $2,290, with a daily RSI of about 83 and the biggest volume spike since the June sell-off. Hyperliquid rose about 3.4% to momentarily surpass $74, while Near Protocol is trading around $1.73 with an RSI of 54. The main short-term risk remains the probability of steep retracement after these vertical moves, particularly for Bitcoin and Ethereum.
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