Looks like you're in the United States. Switch to the United States site for products available in your region.
Post
Olivia Rose
Show original
RSI at 24 with price still above the prior major low is an interesting read — oversold, but holding structure. If this turns into a higher low, it's exactly how cycle bottoms start to form. Worth watching the next few closes. $BTC #USJobsCPIBeatForecasts #BTCETHETFOutflows1.6B
Toji signal
Bitcoin's local bottom could be approaching.
Historically, every time RSI fell below 30 during previous market cycles, $BTC was close to a local bottom before recovering.
Now RSI is around 24, yet price remains above the previous major low.
This could indicate a potential higher low, setting up a bullish structure shift and possibly the beginning of another uptrend.
The current RSI and market structure are starting to resemble the early stages of the previous bull cycle.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
