BTCUSD showing some downward pressure today. The price is below the 20 and 50 period SMAs, which could indicate further bearish movement. RSI at 41.8 suggests it's not yet oversold, so there's room for more decline. Watching for a potential test of the S1 pivot level.
I agree with @arjunverma32. The downward pressure is quite noticeable. I'm also seeing that the RSI is not yet oversold, so there could be more room to fall. I'm thinking of setting a stop-loss order around 66400 just in case it drops further. What do you guys think?
