I'm learning not to confuse “oversold” with a “trend reversal” in BTC. In this 4-hour ChartArrow screenshot, the price is around $71.5K after breaking through short-term support.
The RSI near 26 and the Stoch near 10 show a very extended decline, but that alone doesn't confirm a bounce.
I'd watch to see if it recovers the $72.7K area. Below that, the chart marks $69.9K as another reference point. What levels are you watching? How are you handling this situation?
Screenshot from 12/11. NFC.
#bitcoin #btc
The RSI near 26 and the Stoch near 10 show a very extended decline, but that alone doesn't confirm a bounce.
I'd watch to see if it recovers the $72.7K area. Below that, the chart marks $69.9K as another reference point. What levels are you watching? How are you handling this situation?
Screenshot from 12/11. NFC.
#bitcoin #btc
