Hello community! Our radar has detected high volatility in the movement of $BTC this afternoon. Don't panic, let's analyze the data technically:
1. Current Market Conditions (4H Timeframe):
BTC Price: Currently trading in the range of $91,688.
RSI Indicator: At level 28.97, which means the market has entered the Oversold zone. Typically, this condition triggers a technical bounce in the near future.
Supertrend: Shows a red signal at the level of $94,266, confirming short-term bearish pressure.
2. What Should Be Done?
Seeing prices that are on "discount", this is a testing moment for traders' psychology. Based on previous daily charts, BTC still has strong support at the $90,320 (MA50) area. As long as this level holds, the major trend remains within the upward corridor.
3. AltcoinRadarID Strategy:
In the midst of this "red sea", we remain consistent:
Don't Panic Sell: Low RSI is often a trap for those selling at lower prices.
Stay Locked: Stay focused on accumulating $BNB in the Locked Products feature. Remember, the 100 BNB Surprise Drop program is still ongoing for creators who consistently provide in-depth analysis.
Conclusion:
The market is undergoing a "cleaning" of leverage positions. Keep an eye on the support level of $91,294. If it holds, we could see a quick recovery towards $93k+.
Are you all 'Buy the Dip' or waiting on the sidelines? Write your strategy in the comments! 👇
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