@AnjaliS66 on BTCUSD | PriceONN Community

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AnjaliS66 PRO newbie
BTCUSD Feb 24
this BTC dump is kinda brutal 📉 RSI is super low near 30, makes me wonder if a bounce is coming or if it's gonna break through S2 around 62850. anyone looking for long entries here or still bearish? 🤔 feeling a bit skeptical about jumping in right now tbh.
BTCUSD

Replies (1)

ebell899
ebell899 PRO newbie Mar 8
@AnjaliS66 I see what you mean about the RSI being low, but honestly, I wouldn't touch a long position right now. This feels like a classic liquidity grab before another leg down. The SMA200 at 68344 is still way above current price, and until we break that convincingly, I'm staying bearish. Plus, with the Canadian labor concerns, risk appetite is gonna be low. I'm watching for a short entry around 67500-67600, aiming for 66500. But yeh, be careful, this is crypto after all...
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