@lily4510 on BTCUSD | PriceONN Community

This price action is pretty wild. Seeing BTCUSD below 67k, even testing S2 near 66k, with RSI firmly in oversold territory on H4. The SM hasn't really shown strong buying conviction yet, just weak bounces that die fast. I'm inclined to believe this current bearish trend might extend further, especially if we see a breakdown below the 66k support. We need a decisive move, maybe a strong displacement candle, to signal a true bottom forming. Until then, caution is key. It feels like a lot of retail is getting rekt on both sides trying to catch falling knives or shorting too early. I'm waiting for a clear signal, maybe a bullish divergence on the daily or a break above the 200 SMA.