BTCUSD oversold on RSI. Expecting a short-term bounce. Watching for confirmation above the 20 SMA. Could be a good opportunity for a quick scalp. Set tight SLs.
Update: Bounce is underway. Price approaching the upper Bollinger Band. RSI still showing upward momentum. Taking partial profits at the first sign of resistance. Reassessing at the 66000 level. Remember to adjust stops accordingly. A break above the 50 SMA would be very bullish, targeting 67000. But this is still a risky trade. Be cautious and manage your risk. Don't get greedy.
