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The weekly RSI is giving a very rare signal 📉.
We are now near the 25 level, even lower than the lows we saw after the 3AC/LUNA/FTX crashes.
This indicates the most oversold area in Bitcoin's history 📉.
We may see further declines, but at the same time, the likelihood of a bottom forming is closer than ever.
Key upcoming support levels:
🔴 200-week moving average ≈ $58,700
🔴 $49,000–$50,000 zone
Risk management remains key.
$ETH
{spot}(ETHUSDT)
$SOL
{spot}(SOLUSDT)
$BNB
{spot}(BNBUSDT)