BTC.D Update: Very Important Zone 😢

As expected, BTC.D went up from the local demand zone at 53.89% and returned to the supply zone at 55.27%. Meanwhile, altcoins mostly fell. BTC.D tried to break above the supply zone, which would have been worse for altcoins, but it failed to stay above the supply zone and closed below the supply zone.

Now, we can see it falling back from 55.27% to 53.89% or lower due to reaching the overbought + StochRSI demand zone and the descending trend line pushing down (rejection). If this happens, altcoins may gradually begin to recover. However, if BTC.D closes above the supply zone, altcoins could suffer more losses. We will keep you updated on any possible developments. Manage your risks accordingly

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