@stephanie8290 on BTCUSD | PriceONN Community
BTCUSD is currently exhibiting textbook consolidation around the R1 pivot and the 20-period SMA on the H1 timeframe. The rejection from 68200 suggests resistance is firming up just above current price. volume analysis confirms a slight bearish divergence on shorter timeframes, indicating potential for a brief retracement before any sustained move. Scalpers should be prepared for volatility.
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Update: Watching for a decisive break of 68k. if we fail to reclaim the 20 SMA, a push towards the daily pivot at 67980 or even S1 at 67668 is plausible for a short scalp.