🚨 Market Update: BTC Dump Sends Altcoins to Oversold Zone! 📉
Wow, it seems like the market is on fire today! The drop of Bitcoin (BTC) to touch the area of $84,366 is really putting a lot of pressure on the entire Altcoin ecosystem, including VANRY.
What's Happening?
The Fed's Stance: The FOMC's decision to hold interest rates at 3.50–3.75% triggered a sell the news action. Investors tend to play it safe first.
Rotation to Safe Haven: Interestingly, while crypto is deep in the red, the price of gold is soaring to Rp3,168,000/gram. There is a real liquidity shift happening here.
Extreme Indicators: * BTC RSI (4H): At level 26.34 (Extreme Oversold!).
VANRY RSI (4H): At level 29.87.
AltcoinRadarID Strategy:
Seeing that the RSI is already below 30, technically we are in the oversold zone. Usually, this is an area where a "technical bounce" (dead cat bounce) often occurs.
But remember! Don't just go all-in.
Monitor whether BTC can hold above support at $84,000.
Wait for confirmation of a Golden Cross on the MACD or RSI that starts to crawl above 30 before taking a position.
Stay calm, don't panic, and always use spare money. A bleeding market often holds opportunities, but only for those who are patient enough to wait for confirmation.
What do you think? Buy now or wait $BTC at $80k? 👇
#bitcoin #CryptoAnalysis #AltcoinRadarID #BinanceSquare #vanar $VANRY
