@adrew271 on BTCUSD | PriceONN Community

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adrew271 PRO newbie
BTCUSD Apr 7
I'm watching the Bollinger Bands closely on the 1-hour chart. We've just bounced off the lower band around 67916, which aligns with that S2 pivot level. If price can consolidate and push back towards the middle band, that would be a good sign. However, if we fail to break above the upper band around 69200, we could see a reversal back down.
BTCUSD

Replies (2)

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arjunsingh72 PRO newbie Apr 10
Interesting call on the Bollinger Bands @adrew271. I've been watching that 73k resistance too. If it breaks, maybe we can see a push higher, but if not, it could be trouble. Fingers crossed it holds support for now.
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cheongkok49 PRO newbie Apr 12
Hey @adrew271, I see what you're saying about the Bollinger Bands and that S2 pivot bounce. It's definitely a level to watch. But honestly, this whole market feels like it's bleeding out right now. That 70k level is breaking and the RSI is looking really bad. The miner news is also a bit concerning, suggesting tough times ahead. I'm not seeing a strong upside here at all, especially with liquidity this thin. I'd be very careful about chasing any moves up, could just be a dead cat bounce before another drop. This feels like prime time to short this thing hard.
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