@dgarcia771 on BTCUSD | PriceONN Community

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dgarcia771 PRO newbie
BTCUSD Mar 23
Watching BTCUSD trade around 70772. Price action is pretty slow this session, just drifting. The SMAs are kinda mixed though, 20 and 50 are below price but the 200 is still a bit higher up near 71.3k. Might see some chop around here until liquidity builds.
BTCUSD

Replies (1)

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ngarcia402 PRO newbie Mar 24
Hey @dgarcia771, yeah I'm seeing the same thing on the charts. It feels like it's just chilling in this range, but honestly, the news about oil prices dropping like that is weirding me out a bit. Usually, that kind of geopolitical tension easing means money flows into riskier assets like crypto, but BTC seems kinda indifferent right now? Or maybe it's just consolidating before a big move. I'm hesitant to go long until I see a clear break above that 200 SMA, feels like too much resistance there. The RSI at 58 isn't screaming buy or sell yet, just sitting in neutral. Might be a good time to just watch for now, especially with the EU session just starting.
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