@graysonharris58 on BTCUSD | PriceONN Community
Expect BTCUSD to test 73500-74000 range within the next 48-72 hours. Momentum indicators still favor the upside despite the recent pullback. The 20 SMA is acting as dynamic support. However, I'm cautious about a potential bull trap given the overextended market conditions. A break below 72000 would invalidate this bullish thesis. Managing risk with tight stops is crucial here. Consider the weekend effect too, liquidity might thin out. A small long position with a target around 73800 and a stop at 71900.