@deepblue411 on BTCUSD | PriceONN Community
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The overall market sentiment for BTCUSD seems cautiously optimistic, but I think some traders are overlooking potential resistance levels. While the price is currently above the 20 and 50 day SMAs, the 200-day SMA around 68118 could act as a significant barrier. I'm also considering the Elliott Wave principle, and it suggests we might be nearing the end of the current impulse wave. This could mean a corrective wave is coming. It's important to remain vigilant and adjust positions accordingly. Risk management is key, especially with the current volatility.