BTC/USDT: Oversold King — Time to Buy the Dip?
Current price: $75,299 | 24h: -1.85%
$BTC has dropped from $82,146 to $75,299 over the past 14 days, hitting fresh lows today. But this sell-off may be overextended.
RSI(14): ~30 — sitting right at the oversold boundary. Historically, BTC rarely stays below RSI 30 for long before a strong relief bounce. This is where smart money starts accumulating.
Long Entry: $75,300
Stop Loss: $73,800
🎯 TP1 (RR2): $78,300 (recent consolidation zone)
🎯 TP2 (RR3): $79,800 (mid-May resistance)
🎯 TP3 (RR5): $82,800 (14-day high retest)
Today's volume surged to $60B — double the recent average — signaling capitulation rather than trend continuation. When volume spikes at key support with oversold RSI, reversals follow. Scale out at each TP.
DYOR $BTC $GMT #Colecolen
