$BTC Clear for short wave traders.
Current price: 92,142.98 USDT (-1.59%)
BTC has 'dove out' of the middle Bollinger band, sliding down close to the support zone of 91,900.
RSI(6) = 18.89 – Extremely oversold! This situation often occurs after the Fed says something confusing.
MACD is plummeting like trust in CPI – Red Histogram, signaling that selling pressure is still very strong.
Bollinger Bands are bursting out like the mouths of crypto people when they hear 'ETF Spot approved' – only difference is now it’s bursting… downwards.
Currently oversold, but there are no strong reversal signals; the market needs a kick (good news, Elon tweet, or Russia stops fighting. Trump and Xi don't fight each other).
Buying now is like wearing flip-flops while climbing a mountain; it could go up, but there's a risk of twisting an ankle.
The nearest strong support zone: 90,288 – 91,000 (looks like BTC's 'pillow' is falling down to find).
After the halving, BTC is like a person who just got married – too full, needs to lie down and rest.
US inflation has not decreased, ECB is silent, Fed is still hesitant – the crypto market temporarily retreats from the 'political stage'.
Many holders are waiting for 88,000 to buy more – because they've heard it is 'a good price according to Eastern feng shui'.
Scalper: Can wait for RSI to be oversold to catch a slight bounce back to 93,000.
Holder: Calm down, fasten your seatbelt. BTC is still in a long-term uptrend, just experiencing a short-term 'deflation'.
I'm still waiting for a rise to 98. You guys can keep chatting nonsense below.
Watch for news of Trump and Putin coming home together.
