The red shooting star candle caused massive panic in the trading world today, and some are unaware of its sudden appearance. Let me tell you, it only emerges when buying momentum reaches extreme greed + the RSI indicator is above 80, creating massive selling pressure and prompting whales to flee, fearing the meteors and comets that appeared today. The appearance of this candle signifies one thing: Bitcoin dominance has calmed, opening the door for altcoins to soar.
My analysis after the appearance of the shooting star candle:
1. Explosive rise 💥 for altcoins.
2. Relative stability for #Bitcoin , consolidating between $88k and $102k.
