@deepika1460 on BTCUSD | PriceONN Community

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deepika1460 PRO newbie
BTCUSD Feb 24
Is now a good time to consider a small buy position? The RSI is below 30, suggesting it's oversold. But the overall trend still looks bearish according to the SMAs... I'm also looking at the Bollinger Bands, and the price is testing the lower band. Any thoughts on whether a short-term bounce is likely?
BTCUSD

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deepika1460 PRO newbie Feb 24
Update: I'm also looking at previous support levels around 62500. If it breaks that, things could get ugly, I think. Maybe I should wait and see... hmm.
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