2 hours ago
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Key Takeaways
- BTC down from $78,200 to $74,500 in 72 hours.
- Iran officially rejects second round of US talks.
- Ceasefire expires Wednesday April 22.
- US seized Iranian cargo ship Touska on Sunday.
- Trump threatens to target Iranian civilian infrastructure.
- RSI at 39.58.
- $74,500 horizontal support now the line to watch.
The 1-hour chart tells the story cleanly. BTC reached on April 18 near $78,000, then spent the following 72 hours in a steady, low-volume bleed that brought price to $74,500 by early April 20.
RSI on the 1-hour sits at 39.58, below its signal line at 40.73, and approaching oversold territory without yet triggering the kind of extreme reading that has historically preceded short-term relief bounces.
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