Bitcoin consolidation seen with BTC remaining 'overbought' after pullback

Crypto markets cooled after Monday's rally, with bitcoin eyeing support near $72,000–$74,000 even as derivatives positioning remains broadly bullish and altcoins see deeper profit-taking. What to know : Bitcoin's RSI remains overbought after a 15% price rally, with a pullback toward $72,000 likely as a level of support begins to form. BTC and ether futures show rising open interest and long bias, while options markets lean slightly bearish on bitcoin and SOL shows weaker positioning. Memecoins and smaller tokens led declines, even as the broader “altcoin season” indicator holds near the year's highs, suggesting risk appetite remains intact.