RSI hitting 42.83 for $BTC. Current price stands at $61,720. This level suggests a market approaching oversold conditions, with immediate support at $61,184. Historically, such RSI values in the lower 40s have often preceded periods where price found a significant floor within days. With funding rates at -0.0014%, shorts are paying longs, signaling potential for a short squeeze or rebound. Watch for a move past $62,858 resistance. 📈

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BTC

61,227.7

-1.54%