The crypto market is showing signs of a potential bottom formation, with BTC and altcoins stabilizing after a brutal correction. Key indicators such as RSI and MACD are flashing oversold signals, suggesting a potential bounce is imminent. Traders are advised to wait for confirmation of a reversal before entering long positions.

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Oversold signals are a great sign, but confirmation is key. Keep an eye on daily closes above recent lows and a potential golden cross for a more convincing reversal.