#比特币价格波动 Recently, Bitcoin has fallen from $126,000 to $80,500, a drop of 36%, which really made my heart tighten 😅 But today I saw an interesting data point: the RSI index is in an extremely oversold state, and many traders are saying a short-term rebound might happen?

Here's the question: what exactly is RSI? I've seen this indicator on exchanges, but I’ve never fully understood its meaning 🤔 I heard that the current RSI level is the lowest in nearly three years, compared to January 2023, when Bitcoin was only $15,500-$17,000. It has already risen so much... Does this mean there might be an opportunity now?

Analyst Jelle said that we are either approaching the bottom or will continue to decline sharply, which sounds like both risks and opportunities are quite significant. Someone also mentioned that the oversold level of the Stochastic RSI is the deepest in the entire cycle, and a rebound is very likely. However, as a beginner, I’m still a bit nervous, afraid of missing out or buying the dip halfway up 😬

Could the experts here help me explain: is an oversold rebound a fairly reliable signal? Or can this indicator also be deceptive? I want to learn how to use technical indicators for judgment during this opportunity 💪