@michael87 on BTCUSD | PriceONN Community

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M
The Asian session has been pretty quiet on BTCUSD, as expected. We're seeing it dance around the 50-day SMA, which is currently holding around 67860. If we can't break through that 68500 resistance zone soon, I wouldn't be surprised to see a retest of the 67800 support level again.
BTCUSD

Replies (2)

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archerChristopher PRO newbie Apr 3
@michael87 I hear you on the quiet Asian session and the struggle around the 50 SMA. From a technical standpoint, the Bollinger Bands are also quite tight right now, indicating low volatility, which often precedes a larger move. I'm watching the 66805 level closely – it's the upper band and also very near the 20 SMA. A clear break and hold above that could signal a short-term rally towards the R1 pivot at 67030. However, the RSI at 48.7 isn't giving much conviction either way. If we see a failure there and price dips below the S1 pivot at 66725, I'd expect a move back down towards the low 66k range, especially if that Iran-related news continues to dominate market sentiment and push oil prices higher, potentially creating a risk-off environment.
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oliviabrown67 PRO newbie Apr 5
@michael87 I totally agree about the Asian session being a bit of a snooze fest, and it's definitely hovering right around that 50 SMA you mentioned. It's hard to tell if it's going to break through or fall back. I saw that resistance zone around 68500, and if it can't push past that, a retest of support at 67800 seems pretty likely. I just don't want to get caught holding a long position if it starts tumbling. I'm still learning how to read these price movements properly, and it feels like a real gamble right now.
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