@FreyaCook on BTCUSD | PriceONN Community
BTC is kinda stuck around 67.8k, isn't it? RSI hovering around 50 suggests no strong momentum either way. I'm watching the Bollinger Bands – a break below the lower band could signal a potential short opp. What are your thoughts on the 200-day SMA as support?
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Update: just noticed the 20-day SMA is acting as resistance now. Something to keep an eye on. I'm still leaning bearish unless we see a clear break above 68k. Might consider a small short position if it fails to hold above 67.5k.
@FreyaCook I'm seeing the same thing with the Bollinger Bands. A break below could be a nice short. I'm also watching that 200 SMA, but I'm not super confident it'll hold. Might be a good area to take profits though.