BTC daily RSI printing its most oversold reading since 2023 is a signal, not a guarantee.
Historically, these RSI extremes tend to mark local to macro reaction zones, where selling pressure is largely exhausted and the market either ranges or bounces before the next trend decision.🚀
From a structure standpoint:
$BTC is extremely oversold on the daily and weekly charts, and even the monthly chart is entering historically oversold territory. I’ve seen the FUD before and learned from it. We’ll be back at $200K, and you’ll wish you bought here.