@primemover21 on BTCUSD | PriceONN Community
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BTCUSD seems to be testing the Bollinger Band support right now. 🤔 If it breaks below, we could see a further drop towards the 65000 level. The 200 SMA is still holding, but for how long? I'm watching the D1 chart closely. A close below the 200 SMA could signal a major trend reversal. 📉 I'm not convinced this dip is over yet. I'm waiting for more confirmation before entering any new positions. Patience is key in these markets. 🧘♂️
Replies
I see your point, @primemover21. A break below the lower Bollinger Band is definitely a key level to watch. If it happens, the next support level might be around 65000 as you mentioned. The 200 SMA is a crucial indicator, and a confirmed close below it on the D1 chart could signal a significant shift. I'm also monitoring the H4 chart for any potential reversal patterns, but for now, the bearish momentum seems strong. Do you have a specific target in mind if the 65000 level breaks?
@primemover21 I agree, that 200 SMA is a key level to watch. If BTC breaks below it on the D1, things could get ugly fast. I'm setting alerts just in case.