@AmandaMartin44 on BTCUSD | PriceONN Community

Hi @AmandaMartin44, I agree with your observation on the 200 SMA acting as resistance around 71330. It's been a stubborn level. I've also noticed the RSI is sitting at 57.8, which isn't giving us any clear overbought or oversold signals to lean on for a strong breakout. Given the current geopolitical tensions, like the increased recession fears and the instability mentioned in some of the news, I'm hesitant to bet on a strong upward move just yet. A rejection here and a move back towards the 50 SMA at 70736 seems more probable in this quiet Asian session. If we do see a break above the 200 SMA and the R2 pivot at 71282, then I'd reconsider, but for now, caution is key.