Bro, the market doesn’t look anything special today. BTC is at $59,658, down 1.38%. ETH is $1,573, BNB is $552, SOL is $71.59 — everything is in the red. Fear & Greed is 0, it’s in the extreme fear zone. But RSI is 40.55, near oversold, so there could also be a chance of a reversal. MACD is bullish with a widening histogram +78.21, but the EMA structure is bearish. Volume is weak, and OBV is down. On the US macro side too, nothing special is showing up. The S&P 500 fell 4.6% in a week, and the tech-heavy Nasdaq is also on a 5-day losing streak. Gold is at $4,080.81, near its all-time high. The dollar index is also strong. News sentiment is neutral, but Samson Mow is saying bitcoin’s bottom is in. Michael Saylor is also teasing more buying. My take: the market is a bit dull, but it’s in the oversold zone. In the short term, there’s a chance of a bounce, but since volume is weak, it could also be a dead cat bounce. If BTC’s $59,626 support holds, then we could see a bounce up to $60,500. If it breaks, then it could drop to $58,500. What do you guys think? Will BTC bounce from here or go lower? ⚠️ DYOR, this is just my opinion.

⚠️ Personal analysis, not financial advice.

#Trading #Binance #Bitcoin #Ethereum #Crypto

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Disclaimer: My personal analysis, not financial advice. DYOR.