@ebell899 on BTCUSD | PriceONN Community

Actually, looking at the RSI on the H4 chart, it's flirting with 18. That's seriously oversold territory. While the macro sentiment is bearish with the Fed chatter, sometimes you get a sharp dead cat bounce when things get this stretched. I'd be watching the 65600-65900 area for a potential short-term reversal, but still cautious about the bigger picture.