@nhall491 on BTCUSD | PriceONN Community

Update: Examining the Bollinger Bands, the current price is testing the lower band, which could indicate an oversold condition. However, given the overall bearish trend, a short-term bounce may be followed by further declines. I am monitoring the RSI closely for a potential divergence, which could signal a reversal, but it is not yet apparent. A conservative strategy would be to wait for confirmation of a reversal before entering a long position. Alternatively, a short position could be considered with a tight stop-loss above the 20-day SMA. The pivot points also suggest potential support levels to watch.