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Given the current oversold RSI of 26.8 on BTCUSD, I'm curious to hear opinions on the likelihood of a significant bounce versus a continuation of the bearish trend. What are your strategies for managing risk in this situation, considering both potential scenarios?
Divya, with that RSI level, a bounce is definitely possible. I'd be watching for bullish divergence on the lower timeframes to signal a potential reversal. Gotta manage that risk though!
