@sakram64 on BTCUSD | PriceONN Community
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This BTCUSD bounce back from the lower 64k levels is interesting, but I'm still a bit wary. The RSI is neutral and we're still under the 200 SMA on D1, which is a big resistance for long-term moves. Are we just seeing a short-term correction before another dip, or is this a genuine reversal attempt? Need more confirmation for any significant position.
Replies
I'm also leaning towards short-term correction @sakram64. We need to see more volume to confirm a genuine reversal. The 200 SMA on D1 is a tough nut to crack.