@gossamerray
Bitcoin $BTC saw a sharp drop after triggering an overbought signal on the 4H chart, and the price is still trending down. No oversold signal has appeared yet.
The key now is to watch the market’s reaction once an oversold signal is triggered. If we see a quick rebound like last time, it means the bulls still have strength. But if the reaction is weak or the price keeps dropping, it signals that bullish momentum is lacking.
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