@sureshpillai23 on BTCUSD | PriceONN Community

Another thought: That 200 SMA is looming above at 67977. That's going to be a tough nut to crack if we see any bullish momentum. I'm still bearish overall, but that level makes me nervous about opening a big short position. Maybe scale in slowly? I'm looking at the hourly charts for some confirmation before committing. It's like watching paint dry, this market. Need some excitement! Any thoughts on using fibonacci retracements to find potential entry points? Perhaps the 61.8% level?

Update: Looking at the Bollinger Bands, BTCUSD is right around the middle band. Could go either way from here, no? I'm leaning towards a short position if it breaks below 66000 with a tight SL. Inflation data coming out next week could be a major catalyst, so keeping an eye on that. Anyone else factoring in macro events into their BTCUSD trades? I'm also thinking about the halving next month, could bring some volatility as well. What's your risk management looking like?