@PreetiSinha on BTCUSD | PriceONN Community
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Considering BTCUSD's recent performance, the Relative Strength Index (RSI) at 34.9 suggests the asset is approaching oversold territory. However, with the price currently below the 20, 50, and 200 SMAs, the overall trend remains bearish. It would be prudent to monitor for potential reversal signals before initiating long positions. What are your thoughts on the likelihood of a bounce near the S2 pivot point at 65902.67?