🔥📉 Crypto Market Check: Bearish Signals or Just a Dip?
The crypto market shows mixed signals with Bitcoin struggling below $110K. BTC's RSI near 42 suggests neutral momentum, but failure to hold $108K resistance hints at short-term weakness. Altcoins mirror this uncertainty – some showing resilience (like PENGU +4%), while others lag.
Key bearish factors:
- Declining trading volumes across major pairs
- BTC dominance hovering near 54%, limiting altcoin rallies
- Whale movements to exchanges suggesting potential selling pressure
Potential silver linings:
- Stablecoin inflows increasing (buying power accumulating)
- Fear & Greed Index at "Neutral 52" (not extreme fear)
Current action favors caution. A break below BTC's $107K support could confirm bearish momentum, while reclaiming $110K may restart bullish sentiment. Watch these levels closely.
