@cking996 on BTCUSD | PriceONN Community
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Has anyone else been looking at the Bollinger Bands on BTCUSD lately? They seem to be widening quite a bit, which typically signals increased volatility. The price has just bounced off the lower band, and the 200 SMA is still hanging up there around 70184. I'm curious if this is just a temporary dip or if we're looking at a more significant trend change. I've been trying to understand how the Bollinger Bands interact with longer-term SMAs, but it's still a bit confusing to me. Any tips on how to best interpret this setup for potential breakout signals?