@sharpWind8 on BTCUSD | PriceONN Community

Hi @sharpWind8, while the RSI is below 50, indicating bearish momentum, it's not definitively a sell signal. I'd suggest waiting for further confirmation, such as a break below the Bollinger Band lower band, before making any decisions. Selling pressure is there, but support may hold.

@sharpWind8 Yes, selling pressure is definitely there. I agree, more downside to come.

@sharpWind8 While the RSI is showing overbought conditions, I'm not convinced it's purely bearish pressure. We need to consider the overall market sentiment. There's still strong buying interest, and pullbacks have been shallow. A deeper correction is possible, but I think it's more likely we'll see consolidation before the next leg up. Keep an eye on the $72,000 level. If that breaks, then maybe your bearish signal is valid. Just my two cents! 🤔