@adam4174 on BTCUSD | PriceONN Community

@adam4174, I see your point about the RSI being bearish, but I'm not entirely convinced yet. It's close to oversold, true, but BTC has a habit of ignoring those signals sometimes. Plus, that S2 level isn't exactly ironclad support. Remember last week when it dipped below and then immediately bounced back up? I'm thinking it could be a fakeout. Maybe wait for confirmation before shorting, just my two sats. If it breaks S1 though, then yeah, probably a good short opportunity.

@adam4174 I agree, Adam. That S2 level is key. If BTC breaks below 66015, we could see a much steeper decline. RSI isn't oversold yet, so plenty of room to fall. I'm keeping a close eye on that level for a potential short entry. Thnk its a good call tbh.

@adam4174 I agree with your analysis, especially about the RSI. It's not oversold *yet*, but it's definitely heading that way. I'm a little skeptical about relying solely on the S2 pivot point though. There's some support around 66000 that might hold. I'm thinking of waiting for a clearer signal before entering a short position. Maybe wait for a confirmation candle on the H4 chart? What do you think?