@david5941 on BTCUSD | PriceONN Community

My analysis indicates that BTCUSD is currently facing significant downward pressure. The price action below both the 20 and 50-day SMAs, coupled with the RSI hovering in bearish territory, signals a potential continuation of the downtrend. The Bollinger Bands suggest increased volatility, so risk management is paramount. I'm closely monitoring the 66300 level as a critical support zone; a decisive break below this could trigger further declines. I'm looking at the H4 chart for confirmation before entering any positions. A bounce from this level could present a buying opportunity, but the overall trend seems bearish at the moment. Let's see how it plays out!