The data is reflecting the market situation quite accurately.
Where there is liquidity, it seems that the market makers will drive $BTC there to wipe out the last remaining coins.
The level of 113K that I mentioned yesterday has been breached, and currently, there is still a level around 116K.
The recovery of $BTC has pulled altcoins into the green today; taking advantage of this moment, you can filter out strong and weak altcoins.
Observing the RSI Heatmap, any coin that doesn't recover with $BTC should be discarded.
Right now, I am paying the most attention to the Base system.
Link to check data:
Data provided by @coinank_com
#coinank #btc
Tomorrow could be an extremely important day of judgment.
When the global stock market opens, investors who were stuck on Saturday and Sunday will have a chance to panic if they assess the recent news as concerning in the long term.
The positive point I see is that a large liquidity zone has started to appear around the 113K and 116K marks.
While there are no zones below.
A technical rebound is the possibility I lean towards for tomorrow.
Link to check data:
Data provided by @coinank_com
#coinank #btc
48.3K
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