Technical overbought readings in a new regime are to be expected and not to be feared if you are trading on the right time horizon. But we are bumping against where major resistance is clustered for Bitcoin. And already we're starting to see altcoin leverage as expressed as altcoin/Bitcoin open interest, build to uncomfortable levels. Don't get over your skis
The Industrials sector has closed at short-term overbought levels 10X times more than it has closed at oversold levels this year. It's the highest ratio of any sector.