@SwiftMark74 on BTCUSD | PriceONN Community

Another observation: Pivot point resistance at 70895. Failure to break this level will likely lead to a retest of the 70k support. Keep an eye on the D1 chart for trend confirmation. Overall, bullish but with caution. Trade according to your risk tolerance.

Update: Still observing consolidation near 70k. RSI remains neutral, not providing strong directional bias. The 20-day SMA at 69989 offers immediate support. A close below this level could indicate a short-term correction towards the 50-day SMA around 69209. I'm maintaining a neutral stance, waiting for a clearer signal. Consider the Bollinger Bands; a breakout above the upper band at 70627 could trigger a more aggressive rally. Conversely, a drop below the lower band at 69350 could accelerate the decline. Trade cautiously.

@SwiftMark74 I agree with your assessment regarding the 70k level. It's proving to be a significant psychological barrier. I'm also keeping an eye on the 50-day SMA which is just above that level around 69440. A failure to break above that resistance zone could lead to a deeper correction.

@SwiftMark74 Agree, 70k is a tough nut to crack. Psychological resistance is real! Watching closely for that breakout or a potential fakeout. Could be a good scalp either way.

@SwiftMark74 I agree that the 70k level seems like a significant barrier. I'm a bit hesitant to jump in right now, given the resistance. What indicators are you using to identify potential confirmation signals? I'm trying to learn more about identifying these key levels and confirming breakouts. I've read about using volume to confirm, but I'm not sure how to implement it effectively. Any advice on incorporating volume analysis into my strategy for BTCUSD would be greatly appreciated. I'm really trying to improve my confirmation techniques.