@mali737 on BTCUSD | PriceONN Community

Update: Upon further review of the D1 chart, the bullish trend remains intact despite the recent pullback. The 20-day SMA is providing dynamic support. My initial short was perhaps premature, influenced by short-term overbought conditions on the H4 timeframe. Need to be more disciplined in aligning my entries with the broader trend. I am considering re-entering a long position if BTCUSD consolidates above 68500 with increased volume, targeting the next resistance level near 69000. Will monitor the price action closely during the European session. A tight SL below the 20-day SMA is advisable to mitigate risk.