Satoshi Frame | Bitcoin analysis day 7

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🦉 Welcome Yo SatoshiFrame Tradingview Channel.

⛳️ Lets dive into a Bitcoin analysis.

✨ Hello, good evening, sellers have managed to break the 59,000$ floor, and as we can see, selling volume has also increased somewhat.

🧝 If sellers manage to apply more pressure, price could complete its pullback to 59,000$ and then continue the decline.

🎩 If selling pressure runs out and buyers take control of the market, breaking the 61,950$ resistance could push price toward the next resistance levels.

🧮 The RSI oscillator has dropped below the oversold level of 37.43 and is ranging below this number. Our new oversold level sits at 25.18.

⚠️ Risk management and capital management are essential in trading. Always trade based on your own strategy and risk tolerance. Every trading decision and its outcome are entirely your own responsibility.

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