$SEI 📉 SEI and the impact of BTC – quick update
After a dynamic drop, SEI caught its breath for a moment. The RSI on 5m and 15m shows improvement (59 and 51), but higher timeframes (1h, 4h, 1D) are still under pressure. ADXs are high, the trend is strong, but unfortunately – downwards.
🔗 BTC temporarily pulled the market up (RSI 5m = 63), but structurally it remains weakened. The SEI/BTC correlation on 5m is as high as 0.87 – so every movement of Bitcoin affects SEI.
👉 I consider the current bounce as a local correction. Change of trend? Not yet. I'm watching.
🧠 I'm not a consultant – these are my observations and amateur analysis of the situation.
#SEI #BTC #cryptoanalysis #BinanceSquare #update