Bitcoin BITCOIN just triggered a 4-hour oversold signal. Looking back at the last 4 overbought signals, the price showed a clear pullback each time, objectively confirming Bitcoin's recent weakness. Right now, it's sitting at the 4-hour previous low, combined with the oversold signal. It looks like a buying opportunity, but can you jump in right away? The answer is no. Because the recent trend has been very weak, even if it's at the previous low now, it doesn't necessarily mean a rebound will happen. You need to be more cautious when opening positions. A more conservative strategy: wait for a reversal signal in the intraday window (5 or 15 minutes). At this very moment, I'm waiting for a signal in the intraday window...