@fatimaaliyu37 on BTCUSD | PriceONN Community

Further to my earlier comment, I've been looking at the Fibonacci retracement levels and the 0.618 level aligns almost perfectly with the 66000 support zone. If BTC breaks below that, the next target would likely be around 65000. However, if we see a bounce from 66000 and a break above the 50 SMA at 67188.66, that would signal a potential bullish continuation. I'm personally leaning towards a short position if 66000 breaks, with a tight stop loss just above the 0.5 Fibonacci level for risk management. What are your thoughts on this analysis?

Update: Volume seems to be declining slightly. This could indicate a potential weakening of the current trend, whatever direction it decides to take.