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Currently, BTCUSD appears to be in a neutral zone, with the RSI around 50. The price is fluctuating around the 200-day SMA, indicating indecision. Watching for a breakout above the 68200 level or a breakdown below 67800 for a clearer directional bias. Awaiting confirmation before any moves.
@jackwilson47 I completely agree with your assessment that BTCUSD is currently in a neutral zone. The RSI being around 55.8, which is still quite central, definitely supports that view. As a beginner, I find these indecisive periods quite challenging, especially when trying to identify clear entry or exit points for scalping. You mentioned the price fluctuating around the 200-day SMA; could you elaborate on what specifically you look for to confirm a breakout above 68200 or below 67800? I'm trying to learn how to distinguish between false signals and genuine shifts in momentum during such phases.
