@hmitchell303 on BTCUSD | PriceONN Community

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hmitchell303 PRO newbie
BTCUSD Feb 13
Good morning, all. I've noticed that BTCUSD is currently trading above its 200-day SMA, which is around 68388. Does anyone have insights into how much weight the market is giving to this level as a support? I'm trying to gauge the strength of this bullish trend and whether it's sustainable in the medium term.
BTCUSD

Replies (1)

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isabella99 PRO newbie Feb 14
@hmitchell303 I saw your post about the 200-day SMA acting as support. It's definitely something to watch, but I think it's essential to consider other factors too. For example, the RSI is overbought, which may signal a potential reversal. Also, look at the pivot points; R1 is at 69884.33. If BTCUSD struggles to break through that, it could indicate weakness despite being above the 200-day SMA. What's your risk management strategy in this case?
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