The 20-day crypto breadth has fallen sharply from 96.65% two days ago to 36.46% today, following a massive altcoin liquidation cascade (-10% mkt cap). The short-term gains have been retraced. It means that there are many solid dip buying opportunities.
There's a bearish daily divergence in $BTC chart. Higher highs on price, lower highs on momentum. Even though markets can rally for days or weeks while overbought, the caution of local correction remains. RSI divergence is a leading indicator, so it's early by definition.
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