@jackbaker31 on BTCUSD | PriceONN Community
This BTCUSD drop feels a bit like that time in early 2022 when the market got spooked by inflation fears and the Fed started talking hikes. We saw a sharp pullback then, lots of FVG left behind, before a slow grind back up. This current RSI reading around 33 is definitely concerning, but if we can hold near the 200 SMA around 71786, I won't be surprised to see a bounce. Remember, whales often step in during these panic sell-offs. Just need to watch out for any further macro news that could spook things again, like that wholesale price data.