The weekly RSI Heatmap of the top 100 coins tells you all you need to know about the state of the market.
From left to right, you see the coins sorted by market cap with the RSI level on the Y-Axis.
$BTC and the few majors are sitting at an above average RSI compared to the rest of the top 100 coins. This makes sense as these have been stronger on the moves up and on this recent flush.
After the majors, it's just a big mess. Some coins moving like crazy while a lot of others just refuse to move or slowly bleed down over the past few months.
Outside of the top 10 coins, this market is just one big liquidity rotation where you'll have to be very aware of what you're holding and need to have the momentum on your side. This has been the case all cycle.
Maybe this recent complete flush of leverage changes things a bit. But I'm not betting on it.
Stick with strength.
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