Bitcoin down to $58K

Market Update

BTC$BTC We’ve dipped below 60k, and based on the candle and volume, a strong pullback might be on the horizon. However, I’m not counting on it. The RSI has just entered the oversold territory on the 4-hour chart and could remain there longer than expected. Abrupt moves like this often lead to sudden bounces. Therefore, shorting or longing now is risky. Waiting seems to be the best option if you don’t want to take a big risk and potentially face losses.

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