The "smart money" often looks to buy when the "retail crowd" is most fearful, especially when indicators are this oversold.

Trading Signal

$BTC Extreme oversold RSI levels suggest a high-probability relief bounce soon.

Trading signal: $BTC : LONG

• Entry: $76,736 - $76,000

• Stop Loss: $74,100

• Take Profit Targets:

• TP1: $78,500

• TP2: $80,800

• TP3: $83,400

Deeply oversold RSI conditions combined with a clear rejection of the $74.5k level signal a exhausted downtrend. We anticipate a sharp corrective bounce as short-sellers take profit and buyers seek a bottom.

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BTC
BTCUSDT
78,753.8
+2.77%