BSV: dip or reversal? key levels and targets for the week

BSV. Who else is watching this retrace and thinking "is this just a dip before the next squeeze?" Recently the market has been rotating back into the old Bitcoin forks, and according to industry chatter BSV keeps catching speculative flows every time Bitcoin headlines heat up. Volatility is back, so this move matters.

On the 4H chart we had a vertical pump from the 13 zone to almost 18, and now a clean corrective slide back to local support around 15.5-16. VPVR shows chunky volume here and RSI cooled from overbought to the low 40s, which for me looks more like a reset than a full trend reversal. So I lean bullish, looking for a rebound toward 16.5 and 17 if buyers show up again.

My game plan: I only like longs while price holds above 15.3-15.5, with confirmation in the form of a strong 4H bullish candle ✅. Targets for me are 16.5 first, then 17 and maybe a spike into the upper red zone if momentum returns. If we lose 15.3 and start closing below, I assume the idea is wrong and price can slide to the big green demand near 13.5 ⚠️. I might be wrong, but right now this still looks like a dip, not a top.