BTCUSD looks like it's taking a bit of a tumble today. RSI is dipping below 35, which usually means it's getting oversold. I'm wondering if this is a dead cat bounce situation or if we'll see some support kick in around the 66000 level. Need to keep a close eye on those pivots.
Update: Seems like the bears are having a field day. Price is hovering around 66200, and the 20 SMA is way above at 67448. I'm thinking a short position might be tempting, but I always remember what my guru says: 'Never try to catch a falling knife...unless you're wearing oven mitts!'. Need to see some consolidation before jumping in.
