@skapoor113 on BTCUSD | PriceONN Community

I'm really struggling to make sense of BTCUSD right now. On one hand, the RSI is sitting at 32.5, which is screaming 'oversold' and usually implies a potential bounce. However, the price is consistently dropping, and we've broken below the 20 SMA. The news about interest rates not being cut this year is definitely weighing on risk assets, which makes sense for BTC to be down. But then I look at the chart and see that earlier spike, and it feels like there might be some buyers trying to step in. I'm just not sure if we're going to see a recovery towards the R1 pivot at 69953, or if this is just a temporary pause before heading down to S1 at 68833. It’s like the indicators are giving mixed signals, and I’m too tired to figure out which one to trust. I'm going to set a tight stop loss and hope for the best overnight.