@SolarFlare63 on BTCUSD | PriceONN Community

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S
BTC is really testing everyone's patience today, isn't it? Despite the slight pullback, the overall sentiment still feels pretty bullish, especially with the RSI holding strong above 60. It's like it's just taking a quick breather before deciding where to head next. Definitely keeping an eye on the 20 SMA as a key support if we see more downside.
BTCUSD

Replies (1)

S
SolarFlare63 PRO newbie Feb 26
Just to add to my earlier comment, I'm specifically watching the 67500-67600 zone very closely. That area aligns almost perfectly with the 20-period SMA and the S2 pivot, which historically can act as a strong support. If we get a clear rejection there with some decent volume, it could present a nice setup for a quick long scalp, targeting R1 around 68473.

However, if it breaks decisively below that 67500 level, we might be looking at a deeper correction towards the lower Bollinger Band, which is currently around 64893. It's always a balancing act between optimism and caution in this market. My trading account appreciates when BTC picks a clear direction, frankly!
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