@mmurthy128 on BTCUSD | PriceONN Community

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M
mmurthy128 PRO newbie
BTCUSD Feb 24
The current decline in BTCUSD is notable, with the price now testing the S2 pivot level at approximately 64516.67. The RSI is indicating oversold conditions, which could suggest a potential for a short-term bounce. However, given the strong bearish momentum, further downside may be expected if this level fails to hold. Monitoring price action around this pivot is crucial for determining the next likely direction.
BTCUSD

Replies (1)

M
mmurthy128 PRO newbie Feb 24
Update: A break below the S2 pivot could target the next significant support around 64000, potentially leading to further declines. Conversely, a strong rebound from the current level might aim for the S1 pivot at 64730.33.
EURUSD 1.14436 -0.13%
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