The market is slightly in the red this afternoon, but don’t panic just because you see red, bro — RSI is oversold, which means sellers are dumping their last bit of “capital” for this leg.
$BTC holding around 84,222 (-1.56%/24h), below both EMA20 and EMA50, with the 1H RSI down to 22.9 — an unusually oversold level lately. Nearby support is at the 24h low around 83,900, with resistance at EMA50 around 85,300.
$ETH weaker: 2,618 (-3.32%), with the 1H RSI at just 16.2, extremely oversold. SOL is in the same boat at 118.8 (-1.16%), RSI 24.9.
Coins moving against the market are still holding up: NMR is up another +39% after this morning’s analysis, ORCA +18%, SAND +10.7%, PARTI +11.2%. Conversely, last week’s pumping group is cooling off sharply: RAD -22.8%, RLC -16.3%, MINA -23.3%.
Scenarios for the next 18 hours: (1) If BTC holds 83,900, a technical bounce back toward 85k is possible as oversold RSI rebounds; (2) if 83,900 breaks, the correction could continue, so wait for a new equilibrium zone.
Data analysis, not investment advice.
#Bitcoin #CryptoVietNam #CryptoMarket
$BTC holding around 84,222 (-1.56%/24h), below both EMA20 and EMA50, with the 1H RSI down to 22.9 — an unusually oversold level lately. Nearby support is at the 24h low around 83,900, with resistance at EMA50 around 85,300.
$ETH weaker: 2,618 (-3.32%), with the 1H RSI at just 16.2, extremely oversold. SOL is in the same boat at 118.8 (-1.16%), RSI 24.9.
Coins moving against the market are still holding up: NMR is up another +39% after this morning’s analysis, ORCA +18%, SAND +10.7%, PARTI +11.2%. Conversely, last week’s pumping group is cooling off sharply: RAD -22.8%, RLC -16.3%, MINA -23.3%.
Scenarios for the next 18 hours: (1) If BTC holds 83,900, a technical bounce back toward 85k is possible as oversold RSI rebounds; (2) if 83,900 breaks, the correction could continue, so wait for a new equilibrium zone.
Data analysis, not investment advice.
#Bitcoin #CryptoVietNam #CryptoMarket
