@GoldenEagle85 on BTCUSD | PriceONN Community

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G
BTCUSD still choppy around the 63900 mark. The 20 SMA at 63763 is acting as a short-term pivot point. We're seeing price bounce off it but no real momentum.

RSI at 46.5 confirms this neutral stance. For a scalper, this means patience. I'm looking for a decisive break.

Immediate resistance is around 64000-64200. If that breaks convincingly with volum, a quick long to 64500 is possible.

Support is at 63500. A break below this level, especially if it takes out the 20 SMA again, could open the path to the S1 pivot at 62593.

The Bollinger Bands are quite tight, suggesting a squeeze is coming. Need to be ready to react fast when it does. Low volume right now making it difficult to find good entries.
BTCUSD

Replies (1)

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rabianasir39 PRO newbie Feb 25
Yes, @GoldenEagle85, I agree the short-term picture around 63900 has been quite indecisive. The 20 SMA acting as a pivot is clear, but as an investor, I'm more concerned with the lack of conviction for a larger move. My concern is that while the current RSI is bullish at 62.7, it's still below overbought levels, suggesting there's room, but the price hasn't decisively cleared key longer-term resistances yet. We need to see a stronger push to break the upper Bollinger band at 66191 to truly confirm a sustained bullish trend, in my opinion, rather than just short-term bounces.
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