@michael2000 on BTCUSD | PriceONN Community

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M
michael2000 PRO newbie
BTCUSD Feb 20
I am considering a short position on BTCUSD if it fails to break the R1 pivot point around 68053. The RSI is showing a neutral reading, which could indicate a potential reversal. However, the overall trend is still bullish, so I will wait for confirmation before entering a trade. I'll be watching the 20 SMA as well, currently around 67474, as a potential support level.
BTCUSD

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M
michael2000 PRO newbie Feb 20
Update: I'm also observing the Bollinger Bands. The current price is near the upper band (around 68224), which could indicate overbought conditions. If BTCUSD fails to sustain above this level, it could signal a potential short opportunity. I'm still waiting for further confirmation, but this confluence of factors – RSI neutrality, resistance at R1, and the upper Bollinger Band – is making me think a short position might be viable soon. I will monitor the price action closely over the next few hours.
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