🚀 RSI Oversold - Golden Opportunity for $BTC or Just a Price Trap?
- RSI down near 35 - usually a technical buy signal historically
- However, sustainability needs confirmation from macro catalysts
- Potential short-term catalysts:
1. Expectations of a resolution to the US government shutdown this week
2. Trump's hint of a $2,000/person stimulus package
BTCUSDT
Perp
105,117.8
-1.13%
- Bottom line: With net ETF outflows and institutions waiting, the recovery momentum of $Bitcoin is limited. The above catalysts are not enough to reverse the trend; need more confirmation from fundamentals and stronger liquidity
ETHUSDT
Perp
3,562.6
-1.45%
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