According to Odaily, Matrixport has released a chart today highlighting the importance of maintaining caution due to ongoing macroeconomic and geopolitical risks, as well as less-than-optimistic earnings from U.S. tech stocks. However, Bitcoin appears to be in an oversold state, with its Relative Strength Index (RSI) dropping to 30. Historical data suggests that such a low RSI level typically signals a bottom for Bitcoin. While this does not guarantee that prices will not fall further, it indicates that the current rate of decline may slow down. Notably, in recent instances when the RSI has reached this low, buying opportunities have generally emerged within a few days.