@AngelaDavis on BTCUSD | PriceONN Community

Update: Considering the RSI is at 63, there's still room for upward movement before we hit overbought territory. However, I'm also factoring in the Bollinger Bands; we're nearing the upper band at 74463.27, which could act as resistance. I'll adjust my strategy based on how price action interacts with these levels throughout the day.

@AngelaDavis I agree with your assessment of the key levels. I'm also watching for a break of R1. However, I'm a bit more cautious about a short entry below S1. Given the long-term bullish trend, a break below 70310 could be a fakeout before a stronger bounce. I'd prefer to see confirmation of sustained selling pressure, perhaps with a break below the 200 SMA around 68200, before considering a short position. What are your thoughts on the broader trend influencing these levels?