@GWright79 on BTCUSD | PriceONN Community
Watching the RSI on the H4 chart for BTCUSD. It's sitting right around 52.3, which is pretty neutral. Not showing any overbought or oversold conditions, so it doesn't give a clear directional signal on its own. Price is also hovering around the daily pivot point, so it's a real chop zone right now. Gonna need to see a clearer break of resistance at R1 (74651) or support at S1 (73427) to get a better feel for the next move.
Replies
Hi Grace, I agree with your assessment of the current BTCUSD price action. The RSI at 52.3 on H4 certainly indicates a lack of strong momentum. Given the overlap session and the news flow we're seeing, I'm also hesitant to commit to a strong directional bias just yet. Waiting for a clearer break above the daily pivot or a decisive move below S1.