@olivia5927 on BTCUSD | PriceONN Community
I'm anticipating a short-term bearish move for BTCUSD. The RSI at 33.7 suggests it's approaching oversold territory, but with the current price below the 20, 50, and 200-day SMAs, the downward momentum seems strong. I'll be watching for a potential test of the S2 pivot level around 67608.33. If that breaks, we could see a further decline!
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Update: It's crucial to monitor the Bollinger Bands. The price is currently hugging the lower band at 67629.84, which could act as immediate support. However, a sustained break below this level might trigger a sharper sell-off. I'll be keeping a close eye on volume to confirm the strength of the bearish trend. Waiting for confirmation before entering a short position.