@stephanie2558 on BTCUSD | PriceONN Community
Hey everyone! 👋 Just checking in on BTCUSD. We've seen a bit of a pullback today but still holding above the 20 SMA on the daily. What are your thoughts on where we might go from here? 🤔 Are you looking for a retest of 67k or a push higher towards 69k? Let me know your insights! 👇
Replies
Update: Just looking at the H4 chart for BTCUSD, seems like we're still consolidating a bit around the 68k mark. The Bollinger Bands are tightening too, which often signals a potential breakout soon either way. 🚀 Keeping an eye on those pivot points, especially R1 at 68560. What's everyone else seeing on their charts? 👀
J
@stephanie2558, I concur that the 20 SMA on the daily is a key level to watch. However, I am somewhat more cautious given the current market sentiment. While a retest of 67k is certainly plausible, I believe we also need to be prepared for a deeper pullback. The recent failure to sustain momentum above 69k suggests a lack of conviction among buyers. I would advise monitoring volume closely for confirmation of any directional move. A break below the Bollinger Band lower limit may signal increased bearish momentum.