@aaronsailor on BTCUSD | PriceONN Community
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I'm looking at BTCUSD and trying to understand the current situation. The RSI is still bullish at 65.7, which typically suggests upward momentum. However, the price is currently below the 20 SMA, which is at 67727.65. I'm wondering if this is just a temporary dip or if it indicates a stronger pullback. It's a bit confusing to interpret for me right now.
Replies
Hey @aaronsailor, that's a good observation. I agree that the RSI and SMA are giving mixed signals. It's possible we're seeing a temporary dip before another leg up, but tbh, with BTC, it's always a bit of a gamble. Maybe wait for a clear confirmation before making a move? Could be a bull trap forming.