Matrixport released an analysis chart saying that caution remains critical due to ongoing macroeconomic and geopolitical risks and poor earnings expectations for U.S. tech companies. However, Bitcoin appears to be oversold, with its RSI reaching 30%. Historically, such a low RSI level has usually been a signal for Bitcoin to bottom out. While this does not guarantee that the price will not fall further, it indicates that the current rate of decline may be slowing down. It is worth noting that buying opportunities have emerged within days after the RSI reached such lows on several recent occasions.