This situation is about to head towards 7!

The Bitcoin price has a wave of upward trend during the day, reaching near the resistance level at 81,700, then falling all the way south. The technical RSI6 has already dropped to 21.83, entering the oversold zone, which is one of the main reasons for expecting a rebound soon.
RSI12/24 are also moving lower in sync, indicating that the downward momentum is continuing, but the short-term decline has slowed down and needs a rebound to repair the oversold indicators.

Overall, the overnight market will see a weak rebound and correction, followed by a second bottom test, and the downtrend has not fully reversed. A slight rebound to around 80,800 is expected, repairing the lower band of Bollinger Bands and RSI oversold conditions.

For short-term positioning, it is recommended to lightly short around the rebound at 80,800, with a stop-loss at 81,300, aiming for a target below the 80,000 level. $BTC #BTC回调