$BTC daily RSI(14) is 25.0, entering oversold territory, with the current price at 69113.02.
Oversold means prices have fallen sharply in the short term; it does not mean a bottom is imminent. In a weak market, RSI can remain below 30 for a long time. A bullish divergence is more noteworthy: the price makes a new low, but RSI does not.
The longer the timeframe, the more weight the indicator signal carries.
Be aware of the risks and make your own judgment.
Oversold means prices have fallen sharply in the short term; it does not mean a bottom is imminent. In a weak market, RSI can remain below 30 for a long time. A bullish divergence is more noteworthy: the price makes a new low, but RSI does not.
The longer the timeframe, the more weight the indicator signal carries.
Be aware of the risks and make your own judgment.
