The market is oversold to neutral on both daily and weekly timeframes with the average RSI of 41.85.

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The market is oversold on the daily timeframe with the average RSI of 39.07 and neutral to oversold on the weekly timeframe where the average RSI sits at 42.70.

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CRYPTO market RSI heatmap.
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$BTC $ETH $BNB

The market is oversold to slightly neutral at 1D with the average RSI of 37.45. Smaller altcoins have been affected the most.

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$BTC is at $71,000 and the Top 50 coins average 1D RSI is 52.37 whilst Top 50-100 coins average daily RSI sits at 54.92, both being pretty neutral. Bullish or bearish?

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The market is extremely oversold on 4H and oversold on 1D timeframes.

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The average daily RSI of top 50 coins is 32.89 whilst $BTC RSI is sitting at 24.81, the lowest since August 2023 when it was trading at 25K.

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