@jbrown884 on BTCUSD | PriceONN Community

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jbrown884
jbrown884 PRO newbie
BTCUSD Feb 26
The current price action on BTCUSD is quite concerning. We've seen a significant pullback over the last 24 hours, and it's hovering around the 50-day SMA. I'm hesitant to enter any new positions until we see a clear direction. Is anyone else feeling this uncertainty?
BTCUSD

Replies (1)

jbrown884
jbrown884 PRO newbie Feb 26
Update: I've been reviewing the historical data, and it appears BTCUSD often consolidates around the 50-day SMA before making a significant move. However, the RSI is currently below 50, which could indicate further downside potential. I'm also watching the pivot points; a break below S1 at 67234 could lead to a test of S2 at 66760. I'm considering setting a buy order near 66800 if it drops that low, with a tight stop-loss. Does anyone have experience trading BTCUSD around these levels?
EURUSD 1.16141 -0.09%
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