$BTC RSI hit 16 today. Not 26. Not 36. 16.
Last time we saw daily RSI this low - March 2020, June 2022 LUNA collapsed. Both bounced hard within 72 hours.
$BTC sitting right on the $60,000–$60,500 demand zone. 200-week moving average. Four touches. Still holding - barely.
Trend is still bearish. But RSI 16 means sellers are exhausted.
Relief bounce to $63,500–$65,000 is on the table.
Entry Zone: $60,000 – $60,600
TP1: $63,500
TP2: $65,000
SL: $58,900
$BTC bounce or breakdown below $59K next?
#Write2Earn #bitcoin #CryptoSetup
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🎯 TODAY'S TRADE SETUP — BTC
Entry Zone: $60,000 – $60,600
TP1: $63,500
TP2: $65,000
SL: $58,900
Timeframe: 4H | Setup: Extreme Oversold Bounce
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📌 Personal research only. DYOR. Never invest more than you can afford to lose.