BTCUSD really struggling today, down over 2%. The RSI is looking pretty oversold now, under 25, which usually hints at a bounce but we're also below all major SMAs. Price is flirting with the lower Bollinger Band around 62.7k too. Definitely a time for caution, not rushing into anything.
Update: just to add, that 62.7k level is also quite close to the S1 pivot point. So it could be a decent support area if it holds. But with the overall bearish trend, any bounce might just be temporary relief. Still keeping a very close eye on the 62k area for potential break.
