š BTC daily RSI(6) drops to 42.7, price stuck at $77,349 and rangingānow the bull-bear divide is here
First, hereās my take: the long-term RSI(24) is still at 58.6, and the trend hasnāt broken; but the short-term RSI(6) has already fallen all the way from 96 to 42, and momentum is clearly fading. This spot is awkwardānot oversold, not overbought, but exactly the āmost misleadingā neutral zone.
So I set up a vote to see what everyone thinksš
š¢ Option 1: Break above $80Kālong-term RSI holds, and the range is just building energy
š“ Option 2: Break below $70Kāshort-term RSI hasnāt reached the oversold zone yet, and panic isnāt over
š” Option 3: Keep ranging until the end of the monthāneither side has a clear edge, waiting for big news to give direction
My stance leans toward option 1āfor the reason that even though RSI(6) is weak, RSI(24) hasnāt collapsed with it, suggesting the larger-scale uptrend structure is still intact. But if you choose 2 or 3, I really want to hear your reasoningš
Donāt just pick a numberātell me in the comments: what signals did you see that led you to choose that?
$BTC #BTCę焨 #Blue Anzu vs. Letting Go Bird
First, hereās my take: the long-term RSI(24) is still at 58.6, and the trend hasnāt broken; but the short-term RSI(6) has already fallen all the way from 96 to 42, and momentum is clearly fading. This spot is awkwardānot oversold, not overbought, but exactly the āmost misleadingā neutral zone.
So I set up a vote to see what everyone thinksš
š¢ Option 1: Break above $80Kālong-term RSI holds, and the range is just building energy
š“ Option 2: Break below $70Kāshort-term RSI hasnāt reached the oversold zone yet, and panic isnāt over
š” Option 3: Keep ranging until the end of the monthāneither side has a clear edge, waiting for big news to give direction
My stance leans toward option 1āfor the reason that even though RSI(6) is weak, RSI(24) hasnāt collapsed with it, suggesting the larger-scale uptrend structure is still intact. But if you choose 2 or 3, I really want to hear your reasoningš
Donāt just pick a numberātell me in the comments: what signals did you see that led you to choose that?
$BTC #BTCę焨 #Blue Anzu vs. Letting Go Bird