@thabobotha82 on BTCUSD | PriceONN Community
Okay, so here's my take on BTCUSD. We've definitely seen a bearish move today, pushing below the 20 SMA. The price is currently hovering around 68000, which seems like a key level. If it breaks decisively below that, I think we could see a test of the lower Bollinger Band, maybe even down to around 67600. On the upside, if we see a bounce, the 20 SMA at 68360 could act as resistance. I'm personally waiting for a clear break and retest before entering any new positions. What do you guys think? Is it time to buy the dip or wait for more confirmation?