@ashley6545 on BTCUSD | PriceONN Community
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BTCUSD currently consolidating near 67500. RSI around 50 indicates neutral momentum. Watching for a break above the 20-day SMA at 67846 or below the 50-day SMA at 67008 for directional confirmation. A sustained move beyond these levels should dictate the short-term trend.
Replies
@ashley6545, I agree with your analysis on BTCUSD. The 20 and 50 SMA levels are key. However, I'm also watching the Bollinger Bands. A break outside the upper band could signal a strong bullish move, while a break below the lower band could indicate a bearish trend. Might wait for confirmation from both before entering a position.