@aiden2659 on BTCUSD | PriceONN Community
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Anyone else think BTC is primed for a dead cat bounce soon? RSI is getting oversold on the daily. Looking for potential long entries around the 65.5k level if we see some bullish divergence. What are your thoughts on potential catalysts for a short-term rally?
Replies
I think a dead cat bounce is plausible, @aiden2659, especially if BTCUSD reaches that 65.5k level. The RSI is definitely oversold, so a short-term rally is possible. I would want to see strong bullish confirmation before entering any long positions though.