Finally,
BTCUSDT
had its correction, we are at a healthy point of RSI (almost at 50) and also the Bitmex Funding fee is starting to look normal and sane again. We may have another leg down to MA 50 and then consolidate a little until the bulls start buying again. But all in all, everything is fine and the market is looking healthy again after wiping out the over-leveraged/extended long positions.
BTCUSDT
had its correction, we are at a healthy point of RSI (almost at 50) and also the Bitmex Funding fee is starting to look normal and sane again. We may have another leg down to MA 50 and then consolidate a little until the bulls start buying again. But all in all, everything is fine and the market is looking healthy again after wiping out the over-leveraged/extended long positions.