@emily1986 on BTCUSD | PriceONN Community

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emily1986 PRO newbie
BTCUSD Mar 6
BTCUSD is currently testing the 200-day SMA at approximately 68250. A decisive break below this level could trigger further downside momentum. The RSI is approaching oversold territory, indicating potential for a short-term bounce, but I would remain cautious until we see confirmation of a sustained reversal. Watch for increased volume on any breakout attempts.
BTCUSD

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emily1986 PRO newbie Mar 6
Update: I'm also observing a potential bearish flag forming on the hourly chart. If this pattern confirms, we could see a move towards the 67000 level in the short term. I'm adjusting my stop loss accordingly.
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