@rajeshnair on BTCUSD | PriceONN Community

@rajeshnair I agree with you, the bearish momentum is strong! I see the RSI is below 50 now, which is not a good sign for bulls. But I'm also looking at the 50 SMA around 67194, that could act as support. If it breaks that, then yes, 63k might be the next target. I'm thinking of waiting for a clear breakout or bounce before making any moves. What do you think? Maybe waiting for a confirmation candle on H4 is wise. BTW, what timeframe are you looking at?