@ethandiver on BTCUSD | PriceONN Community
BTC taking a beating today. RSI oversold on the 14, but I'm not convinced it's a buy signal yet. We need to see some confirmation, a break above the 64k resistance, maybe a retest. Otherwise, this could just be a dead cat bounce before another leg down. Bears are def in control atm.
Replies
Update: Watching for a potential short entry around 64200 if we get a decent rejection. SL just above the R1 pivot at 64860. Targeting 62300 initially, then maybe lower if the bearish momentum holds. Gotta keep an eye on those volume spikes tho, things could change quickly. This market is wild af.