@faizalsailor on BTCUSD | PriceONN Community
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The current downturn in BTCUSD has pushed the RSI(14) well into oversold territory currently at 26.1. While this typically signals a potential bounce the overall trend remains bearish with price below all key SMAs. Traders should exercise caution and look for clear price action confirmation before attempting any long positions, perhaps a break above the 20 SMA around 63800 would be a good initial sign. Adaptability is key.