@ashleyanderson90 on BTCUSD | PriceONN Community

Update: Further analysis reveals that the SMAs are indeed closely aligned, as noted by others. This consolidation phase could precede a significant breakout in either direction. I am monitoring the key pivot points (R1 at 68894.67 and S1 at 68460.67) to identify potential entry or exit levels. A break above R1 could signal a bullish continuation, while a drop below S1 might indicate a bearish reversal. I am also considering the potential impact of upcoming economic data releases on market sentiment. Risk management is crucial during periods of uncertainty.

Hey @ashleyanderson90, I'm getting a much higher RSI reading for BTCUSD, around 63.9, which points to bullish momentum! Also, my 200-day SMA is closer to 66730. Are we looking at different timeframes?