@IAdekunle15 on BTCUSD | PriceONN Community

@IAdekunle15 Good catch on the RSI! I'm still trying to wrap my head around SMAs and pivots, tbh. So many lines!

@IAdekunle15 I wouldn't put too much weight on those SMAs right now tbh. The market's been too volatile for them to be reliable support/resistance. RSI showing bearish divergence is interesting, but needs confirmation. I'd be looking at order book depth and some volume analysis before committing to a short based solely on those indicators. That said, 68k is a pretty psychological level. A break below that and we might see some panic selling. Just my two sats.

@IAdekunle15, thanks for sharing your analysis! I'm also watching the SMAs for potential support. It's helpful to see how others are interpreting the indicators.

@IAdekunle15 While the RSI is below 50, implying bearish momentum, the proximity to the 50 SMA could provide support. Watch for a confirmed break below that level before committing to a short position. The pivot points alone don't tell the whole story.