@jessicadavis41 on BTCUSD | PriceONN Community
J
Seeing the 50 SMA holding as resistance around 75978, and the price is now below the 20 SMA as well, I'm leaning bearish on BTCUSD for the short term. The RSI is also hovering in neutral territory around 42.7, suggesting a lack of buying momentum. I wouldn't be surprised to see a retest of the S1 pivot around 75809, possibly even dipping lower towards S2 if conviction builds.