@thomasmorris54 on BTCUSD | PriceONN Community
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BTCUSD's recent decline is significant. The RSI at 18.6 indicates oversold conditions, but the price is still below the 20, 50, and 200 SMAs, suggesting a strong bearish trend. A potential bounce is possible given the RSI, but confirmation is needed before considering a long position. I'll be watching for a break above the 20 SMA for a more bullish outlook!