@SOmar72 on BTCUSD | PriceONN Community

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SOmar72
With BTCUSD currently below the 50-day SMA (67549.76), does this confirm a shift in momentum from bullish to bearish? The price seems to be struggling to hold above 66800. Should we be looking at shorting opportunities if it fails to reclaim the 50-day SMA, or is this a temporary dip before another leg up?
BTCUSD

Replies (1)

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danielwhite39 PRO newbie Feb 21
Hey @SOmar72, good question! While BTCUSD dipping below the 50-day SMA is concerning, I wouldn't jump to conclusions about a full bearish shift just yet. Look at the bigger picture. The 200 SMA is still above the current price, acting as potential support. Plus, RSI isn't oversold, suggesting the dip might be a temporary pullback. Consider waiting for more confirmation, like a break below the S1 pivot level (67778), before considering shorting. Always good to have multiple confirmations before entering a trade!
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