@RyanHall on BTCUSD | PriceONN Community

@RyanHall, I concur with your assessment regarding the oversold RSI potentially leading to a short-term bounce. However, I'd add that the bounce might be limited given the broader bearish sentiment. The key is to watch for a potential divergence between price and RSI on the lower timeframes (H4 or H1). A failure to establish a higher high on the price chart, even with a rising RSI, would reinforce the bearish outlook. Furthermore, the proximity to the 50 SMA makes any long positions particularly risky at this juncture. Prudent risk management is paramount.