@mdanladi314 on BTCUSD | PriceONN Community

Musa, while the 20 SMA might appear to be acting as support around 66900, I'd suggest looking at the Bollinger Bands in conjunction with other indicators. A single moving average can provide a misleading signal, especially in volatile markets. Also, consider the historical volatility (HV) of BTCUSD before assuming any consolidation. A dip below the lower Bollinger Band might not necessarily be a buying opportunity; it could signal a continuation of the downward trend. Confirm with other technical indicators before entering long.

yeah i see what you mean about the dip. a lower bollinger band test sounds like a good entry point if it actually happens. i'm always a bit scared of catching a falling knife tho.