On the 1-hour timeframe, 77 out of 89 perpetual contracts have RSI(14) > 50, indicating a generally bullish market sentiment. Some pairs like CHESS, CTK, and BCH have RSI above 69 and are forming Doji candles — a potential sign of trend reversal. Several pairs are showing Hanging Man, Dragonfly Doji, and Bearish Harami patterns, suggesting weakening upward momentum. Only 2 pairs are oversold (RSI < 30). Overall, the market shows signs of being slightly overbought, so caution is advised, especially for assets with RSI > 65 and bearish candlestick patterns. #BigTechStablecoin #TrumpVsMusk #MarketPullback #CircleIPO $BTC $ETH $XRP
On the 1-hour timeframe, the crypto market shows bullish momentum with 60 out of 67 assets having RSI(14) > 50. However, several reversal candlestick patterns like Bearish Harami, Hanging Man, and Shooting Star are emerging within the 55–65 RSI range, suggesting weakening buying pressure. Notably, RPLUSDT.P shows a Bullish Engulfing pattern with RSI around 43, indicating a potential upside. Traders should be cautious with assets showing high RSI (>60) and bearish patterns, and wait for volume confirmation before entering positions.
Market sentiment on the 4H timeframe shows clear bearish pressure. With 84/133 assets under RSI(14) < 50 and numerous "Long Upper Shadows" and "Inverted Hammers," many tokens signal potential reversals or indecision. Only one asset is overbought (RSI > 70), while three are oversold. Traders should stay cautious, as most patterns suggest exhaustion in upward momentum or rejection at resistance. $BTC $ETH $XRP #BigTechStablecoin #TrumpVsMusk #MarketPullback