@FatimaBello on BTCUSD | PriceONN Community
The 50-day SMA is currently at 67171.12. If BTCUSD fails to hold above this level, we might see further downside pressure. I'm waiting for a clearer signal before making any moves. It could be a crucial support area to watch in the short term. A break below could trigger stop losses.
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Update: RSI is approaching oversold territory on the H4 chart. Could be a good area to watch for a potential bounce. But remember to confirm with other indicators, don't just rely on RSI alone.