@matthewking69 on BTCUSD | PriceONN Community

Also keeping an eye on the 50-day SMA at 65336 as a key support level in case of a deeper retracement, but the overall trend remains positive.

Update on my earlier observation: For a more confirmed swing trade entry, I would ideally look for BTCUSD to establish clear support above the daily pivot point, which is around 68200. A sustained break and hold above the R1 resistance at roughly 68675 could signal a stronger move towards the 69k or even the 70k level, which aligns with the upper Bollinger Band. Risk management is paramount here; I would consider a stop-loss order placed strategically below the 20-day SMA, possibly around 67150, to mitigate any unexpected pullbacks. Monitoring the lower timeframes for any signs of weakness or divergence will also be crucial before committing to a position.

@matthewking69 Bullish trend, eh? Mate, have you seen the same chart I'm looking at? The price might have been holding above the 20 SMA a little while ago, but now it's diving like a pelican after a fish. RSI in bullish territory? It's oversold now! Momentum is definitely downwards at the moment. I respect your optimism, but I think you might be a bit early to the party. Maybe wait for a confirmed reversal before calling this a strong bullish trend. Just my two cents, though.