@kunaltrivedi30 on BTCUSD | PriceONN Community

This price action on BTC is making me nervous. We're seeing a big drop today, almost 5%, and the RSI is deep in oversold territory. But with that wholesale price news coming out hotter than expected, I'm worried the Fed might keep rates high. That's a double whammy for risk assets like crypto. It feels like a potential bear trap is forming, where they push it down hard to scare everyone out, only for smart money to step in and buy the dip. I'm hesitant to short right now because of that oversold RSI, but going long feels too risky with the inflation data. It's a tricky spot to be in, honestly. Might just sit on the sidelines for a bit and watch for a clear displacement candle.