$BTC
Analysis of the correlation between BTC and the possibility of further decline of DOGE:
1. BTC ANALYSIS:
Current Situation:
- Price: $99,102 (-0.95%)
- RSI(6): 24.2 (strongly oversold)
- RSI(14): 38.5 (low range)
- Below MA20 and MA9
- Low volume
2. ASSESSMENT OF IMPACT ON DOGE:
Positive Signals:
- BTC RSI is too low, may recover
- Testing support area 99,000
- Volume decreasing, selling pressure weakening
Negative Signals:
- Downtrend has not stopped
- Below important MAs
- Lack of positive catalysts
3. POSSIBILITY OF DOGE:
A. Main Scenario (60%):
- Short-term technical recovery
- Recovery target: 0.425-0.430
- Then continue to decline
Reasons:
- RSI too low
- BTC may recover
- Volume gradually decreasing
B. Alternative Scenario (40%):
- Continue to decline deeply
- Target: 0.405-0.400
- Break strong support
4. TRADING RECOMMENDATIONS:
Short-Term (24h):
✅ DO NOT OPEN NEW POSITION
- Wait for clear BTC signals
- Wait for RSI recovery
- Monitor volume pattern
5. IMPORTANT LEVELS:
DOGE Watch Levels:
- Resistance: 0.425-0.430
- Support: 0.415-0.410
BTC Watch Levels:
- Resistance: 99,500
- Support: 98,500
6. RE-ENTRY CONDITIONS:
For Short:
- BTC breaks 98,500
- DOGE recovers to 0.425-0.430
- RSI(14) > 45
- Volume increases
For Long:
- BTC holds above 99,000
- DOGE forms a bottom at 0.410
- RSI divergence
- Strong volume increase
7. CONCLUSION & ACTION:
✓ Should:
- Wait for BTC to stabilize
- Monitor DOGE volume
- Wait for clear setup
- Keep cash
❌ Should Not:
- Short/Long immediately
- FOMO during recovery
- Average price too early
- Use high leverage
8. MONITOR:
- BTC support 98,500-99,000
- DOGE volume pattern
- Altcoin volatility
- Market news