@ApexHunt78 on BTCUSD | PriceONN Community
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The recent bearish momentum in BTCUSD is notable, considering its previous bullish run. The RSI dropping below 40 suggests increasing selling pressure, yet it's not yet in oversold territory. This indicates there may be room for further decline, but traders should be wary of potential short-term bounces. Risk management is crucial in such volatile conditions.
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Regarding the bearish momentum, my current RSI reading for BTCUSD is at 60.8, which contrasts with a reading below 40. This suggests that while there might have been previous selling pressure, the immediate momentum appears more bullish based on current data