@matthew01 on BTCUSD | PriceONN Community
Good morning, all. BTCUSD is currently showing a relatively tight trading range in this overnight session. The pivot point at 67843 could act as a key level to watch for a potential breakout during the more active trading hours. I'll be monitoring for increased volume around that level as a confirmation signal.
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One more thing to add: keep an eye on the 20 SMA. It's providing dynamic support around 67824 right now. A close below that on the H4 chart could negate the short-term bullish bias.
Update: The RSI is hovering around 52, which suggests neither overbought nor oversold conditions at the moment. A move above 60 on the RSI, coupled with a break above R1 at 68283, might signal a stronger bullish continuation. Conversely, a drop below S1 could indicate a retest of lower support levels.