@lakshmi5793 on BTCUSD | PriceONN Community

My analysis indicates a potential short-term bearish bias for BTCUSD. The recent break below the 20-day SMA, currently around 66300, is concerning. RSI is approaching oversold territory, but hasn't reached it yet, suggesting further downside potential. I'm looking at the S1 pivot level at 66054 as an initial target, followed by S2 at 65899 if selling pressure intensifies. However, a bounce back above 66500 would negate this bearish outlook. I'll be monitoring volume closely to confirm the direction.