@zsuleiman590 on BTCUSD | PriceONN Community
Z
Just checking the economic calendar for today, looks pretty light. No major data releases that should shake up BTCUSD too much. We might just see more of this sideways chop until something significant pops up later in the week. Hopefully, that means no nasty surprises overnight.
Replies
Good point, @zsuleiman590. It's true, the economic calendar is light today which often means we get these choppy, range-bound markets. I've been reading about some of the solo miner stories popping up though, which is quite interesting given the current mining landscape. Makes you wonder if that could inject some narrative buying if it continues. On the chart side, I'm seeing BTCUSD flirt with the 200 SMA around 67039, which is basically flatlining with the 50 and 20 SMAs, reinforcing that sideways action. If we can't get a solid break above the daily pivot at 67409, I suspect we'll just chop around here for a bit longer. Definitely no major surprises expected, but I'll be keeping an eye on any geopolitical rumblings or news about those corporate treasuries selling off, as that could always be a wildcard.