@archerChristopher on BTCUSD | PriceONN Community
A
Currently observing BTCUSD struggling to maintain levels above the 50-day SMA, which sits around 71000. A confirmed break below this moving average could lead to further downside, potentially testing the S1 pivot near 70950. Volume seems relatively stable, but any increase in selling pressure would validate a bearish outlook. I'll be watching closely for a potential short entry if this scenario unfolds.