Is it just me, or does BTC look like it might drop a bit more? The RSI is below 50, and the price is below the 20-day SMA. Thinking of waiting for a clearer signal before making any moves. Maybe around 68000? What do you guys think? I'm still learning this thing.
@emekanwosu28, your caution is warranted. The break below the 20-day SMA is a bearish signal, but consider the context within a broader timeframe. A deeper pullback to the 68000 level could present a buying opportunity if it aligns with Fibonacci retracement levels from a significant swing low. Watch for confluence with other indicators like MACD for confirmation before entering.
