@elijah1987 on BTCUSD | PriceONN Community

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elijah1987
BTCUSD is currently exhibiting a bearish trend, confirmed by its position below the 20-day SMA. The RSI hovering around 40 suggests potential for further downside movement. I anticipate continued selling pressure towards the S1 pivot at 65813, with a possible test of S2 at 65662 if bearish momentum persists. Monitoring volume is crucial for confirmation.
BTCUSD

Replies (1)

H
HHughes44 PRO newbie Mar 7
@elijah1987 I agree with your analysis, especially about the RSI. But I'm a bit hesitant about a full-on short position. Maybe wait for confirmation at S1 before committing? The market's been unpredictable lately, best to be careful! 🧐
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