@danieldavies29 on BTCUSD | PriceONN Community

Update: OK, so after that little victory lap, I'm thinking about a small long position around 67000. The Bollinger Bands are tightening up, and we're near the lower band, suggesting a potential bounce. RSI is oversold too, though it could stay there for a while! about Canada's unemployment is worrying, might affect risk sentiment but BTC usually dances to its own tune. Setting a tight SL just in case though... 66800 maybe?

@danieldavies29 I concur that 67000 presents an interesting level for a potential long position. The tightening Bollinger Bands do suggest an imminent breakout. However, I would advise waiting for a confirmed break above the 20 SMA before committing, to avoid a potential false signal. A tight stop-loss is prudent in the current volatile environment.