TOTAL3 Update:

The altcoin liquidity chart is one of the most important charts to follow during market corrections to know when the correction ends and when to start buying again.

On the 4-hour timeframe, unfortunately, the support at 856B that we mentioned in the last update was broken, and it dropped to the support at 827B, which reacted with a bounce.

On the RSI indicator shown below the chart, we have reached the oversold area and buying has started again.

In summary:

The correction for the coins is 80% complete, but there has been no liquidity for buying yet because the markets are closed. There may be fluctuations tomorrow with the weekly close, and Bitcoin may drop to the support at 102,000$ . The entry of new liquidity into the market will begin with the opening of the markets on Monday, God willing.