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BTCUSD seems to be stuck in a bit of a range atm. The 50-day SMA is right around where we are now, so that could be acting as resistance? I'm not sure if it's a good time to make any big moves tbh. I'm seeing conflicting signals so I'm staying put.
Update: I'm looking at the Bollinger Bands and it seems like BTCUSD is right in the middle of them. Lower band around 66900 and upper band around 68300. Maybe it will bounce between those levels for a bit? I'm still not confident enough to trade it but I'm watching closely. I'm also not sure if I should be looking at the 1 hour chart or the 4 hour chart. Does anyone have any tips on which timeframe is best for beginners? Also, should I be using different indicators?