BTCUSD is consolidating right now. The 20 SMA is holding as support around 67300. RSI is neutral, so no clear momentum. Watching for a break above the upper Bollinger Band for a potential long. Otherwise, a drop below the SMA could signal a short opportunity.
I agree completely on the consolidation, Nicole. It's a waiting game for sure. My charts show the 20 SMA closer to 63600, which could act as support if BTCUSD dips further, rather than holding at 67300. The neutral RSI at 51.9 really underlines this indecision. For swing trades, I'm waiting for a clear break above the upper Bollinger Band near 64600 or a strong close below the lower band around 62600 before I make my move.
