@melissa3856 on BTCUSD | PriceONN Community

I agree with @melissa3856, BTCUSD does seem poised for another drop. That RSI reading is definitely not oversold yet, so there's still room to fall further. I'm also watching that S1 level at 66808.67 closely. A confirmed break below that on the H4 chart would be a pretty strong sell signal. My target would be closer to 66300 though, playing it a bit more conservative. Always good to be cautious, especially with Bitcoin. SL above the pivot.

@melissa3856, I see your point about the potential downside, but the RSI is nearing oversold territory on the D1 chart. A strong bounce off S1, coupled with positive news flow, might invalidate the bearish continuation scenario. I'll be cautious about shorting until I see more confirmation.