The cryptocurrency market is exposed this week, with fears of inflation associated with US tariffs under the Donald Trump administration, which weighs investor morale. Bitcoin (BTC) has declined to less than $ 80,000 for the first time since Trump was re -elected, as continuous external flows of investment funds in Bitcoin add to the momentum.
The broader market also feels pressure, as approximately one billion dollars has been liquidated over the past 24 hours, highlighting the growing volatility.
With the condensation of the sale pressure, traders closely monitor the RSI index to obtain possible recovery signs. This main momentum index helps in measuring excessive conditions in peak and increase, as RSI indicates a weak RSI (usually less than 50), which indicates a momentum that fades – is often an introduction to the opportunity to buy before a possible recovery.
analysis Rsi Heatmap from Coinglass On February 28, it indicates that Bitcoin and XRP offer signs of short -term recovery, as they put them as major assets to see this week.
Bitcoin (BTC)
Bitcoin is a purchase signal where the relative strength index decreases for 12 hours to 31.93 and RSI 24 hours up to 24.65, firmly in the sales lands. Historically, these weak relative indicators indicate levels indicate that the pressure pressure approaches fatigue, and often puts the way for apostasy.
With BTC decreased by 12.93 % over the past 12 hours, traders who expect a transformation in momentum may consider it as a preliminary accumulation stage before possible recovery. In the case of promoting the purchase interest, Bitcoin can settle down and restore higher levels, providing a major entry point for these sites to wear short -term.
Xrp
XRP indicates an opportunity to buy because RSI is still weak, indicating a possible reflection of the current levels. RSI for 12 hours 35.08, while the 24 -hour relative index decreased to 32.35, as it approached the sales lands. With a average RSI on the market in 44.30, XRP is under increased sale pressure-often a premise of the short-term price recovery.
XRP is currently trading at $ 2.1276, as a highly dangerous opportunity and a reward for merchants looking for a recovery. If purchasing momentum picks up, the original can lead to a short -term recovery, providing a potential upward up to those who achieve sites for apostasy.
However, while weak RSI levels indicate a potential purchase opportunity, the RSI Index Index alone is not a final indicator of reflection. Continuous recovery will require confirmation by high trading volume and broader market morale.
Traders should remain vigilant, monitor the main technical levels, and remain flexible in their strategies with the development of momentum.
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