@DanielNelson on BTCUSD | PriceONN Community
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Keep an eye on the 200 SMA, which is around 68330. If BTC can't break above that, we might see a further pullback. Conversely, a solid break above it could signal a move towards 70k again. Always manage your risk and don't overleverage!
Replies
@DanielNelson Good call on the 200 SMA. It's definitely a key level to watch. I'm a bit skeptical about it breaking through 70k anytime soon, though. With all this uncertainty, I think we're more likely to see a test of the lower Bollinger Band first. I've got my stop loss fairly tight just in case it decides to tank. Risk management is key, as you said!