@rkumar692 on BTCUSD | PriceONN Community
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Considering the recent price action on BTCUSD, a short-term bearish scenario seems plausible. The price is currently below the 20 and 50 period SMA, indicating downward momentum. A potential entry point could be around 66300, targeting 65800, with a stop-loss at 66700 for risk management. Monitoring the RSI is crucial to confirm oversold conditions.