@fcarter423 on BTCUSD | PriceONN Community
Watching BTC closely here. The RSI on the daily chart is approaching oversold territory, but the MACD is still showing bearish divergence. 🤔 A break below the lower Bollinger Band at 67383 could trigger a further sell-off towards the S2 pivot at 67374. However, if we see a bounce and reclaim of the 200 SMA around 68291, that could signal a potential trend reversal. Need to see more confirmation before making a move. Volume is also key; need to see increasing volume on any potential breakout. The current market sentiment is really risk-off, so caution is warranted. 🧐