@JoshuaC37 on BTCUSD | PriceONN Community

Given the current bearish momentum and the RSI deeply in oversold territory at 23.7, I anticipate a short-term bounce in BTCUSD, likely towards the 69000 level, coinciding with R1 pivot. However, this bounce is likely to be a selling opportunity. The long-term trend remains bearish until we see a sustained break above the 200 SMA, currently around 68253.55. Watch for confirmation signals on lower timeframes.