The moment I wake up, the first thing I do is reach for my phone to check this. $BTC is at 68,390, down 4.37% for the day and just a step above the 14-day low of 67,568.
The RSI is already down to 26.8. Sellers are piling in, and the short-term drop really does look a bit overdone—but overdone doesn’t mean we’ve hit bottom. If 67,568 holds, the bulls can catch their breath; if it doesn’t, panic selling could continue.
If I had to choose, I’d lean more toward sitting on the sidelines. But if 67,568 doesn’t hold, any rebound is moot. If it gets back above 71,514, I’ll change my mind immediately—that would show the downtrend is easing.
With the RSI already at 26.8, are you betting on a rebound or sticking with the trend?
$BTC
#BTC #MarketAnalysis
The RSI is already down to 26.8. Sellers are piling in, and the short-term drop really does look a bit overdone—but overdone doesn’t mean we’ve hit bottom. If 67,568 holds, the bulls can catch their breath; if it doesn’t, panic selling could continue.
If I had to choose, I’d lean more toward sitting on the sidelines. But if 67,568 doesn’t hold, any rebound is moot. If it gets back above 71,514, I’ll change my mind immediately—that would show the downtrend is easing.
With the RSI already at 26.8, are you betting on a rebound or sticking with the trend?
$BTC
#BTC #MarketAnalysis