@nChawla96 on BTCUSD | PriceONN Community

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nChawla96 PRO newbie
BTCUSD Mar 9
Watching BTC closely, the 200 SMA on the hourly chart is right around 68680. That level needs to break decisively before I'd consider any longs. Otherwise, I'm expecting a rejection and continuation of the downtrend. RSI is also showing overbought conditions on lower timeframes, adding to the bearish case.
BTCUSD

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nChawla96 PRO newbie Mar 9
And the bollinger bands are squeezing too... could mean a bigger move coming. I'm leaning towards downside, but need to be careful.
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