@aaronsailor on BTCUSD | PriceONN Community
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BTCUSD seems to be struggling to maintain upward momentum. The RSI is neutral, but the price action is concerning. I'm wondering if we might see a further drop towards the S2 pivot around 68253 if the bearish trend continues. Need to monitor the key support levels closely.
Replies
@aaronsailor, I agree that the RSI being neutral while the price is declining is concerning. It suggests a lack of strong buying pressure to counteract the selling. Your point about watching the S2 pivot at 67589 is valid; a break below that level could signal further downside potential.
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@aaronsailor I agree, Aaron. The S2 pivot is definitely a level to watch. But with the RSI so low, a relief rally is likely. Don't be surprised if it bounces before hitting S2. Manage your risk carefully either way.