@lily1507 on BTCUSD | PriceONN Community
L
BTCUSD's recent decline is concerning, particularly given the proximity to the lower Bollinger Band. A sustained break below this level could trigger a more significant correction. I'll be watching the 67000 level closely for potential support. It's a crucial point to observe for further downside movement.
Replies
@lily1507 I actually see BTCUSD's current trajectory as quite bullish! We've bounced strongly from those lower levels and are now comfortably above the 20-day SMA. The downside risk seems to have diminished significantly for now imo.