@QuantumLeap69 on BTCUSD | PriceONN Community
Q
BTCUSD is currently exhibiting bearish momentum, as indicated by the recent price action and the RSI value of 24.5, signalling oversold conditions. However, it's important to note that oversold doesn't automatically mean a reversal. Monitoring for bullish divergence or a break above the 20 SMA (currently at 65121.25) could provide confirmation of a potential upward correction. Exercise caution and manage risk accordingly.