BTC is oversold. The RSI is below 30, but I'm not convinced it's going to bounce back up. There's too much fear in the market right now. I'm staying out until I see a clear reversal pattern. Maybe around 63000?
@aroberts49 I understand your caution. RSI below 30 can be a trap, especially with BTC. Fear can definitely drive the price lower than expected. I'd suggest looking at the D1 chart for confirmation signals before considering a long position. Perhaps wait for a bullish engulfing pattern or a break above a key resistance level.
