More red alert for BTC?
RSI is at overbought level.
Good CPI news hasn't yet showed any signs of reversal yet.
Drawn Fib levels indicates possible more downsides for BTC.
Everytime price has touched the downtrend line, we have been hammered down by approximately 25%.
Fear and Greed index is at 31, a point where we have mostly been at in 2022.
Open Interests have risen by almost 15% since 6 Jan 2023, but long positions are reducing.
Good CPI news hasn't yet showed any signs of reversal yet.
Drawn Fib levels indicates possible more downsides for BTC.
Everytime price has touched the downtrend line, we have been hammered down by approximately 25%.
Fear and Greed index is at 31, a point where we have mostly been at in 2022.
Open Interests have risen by almost 15% since 6 Jan 2023, but long positions are reducing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.