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Is anyone else concerned about the flattening SMA 200? It's currently sitting at 68447.05, acting as resistance. If BTCUSD fails to decisively break above this level, we could see a more significant pullback. I'm adjusting my positions to account for this potential scenario. Thoughts?
@aiden7289, I concur with your assessment of the SMA 200. The flattening is definitely a cause for concern. However, I'm also observing the Bollinger Bands, which indicate a potential squeeze. A breakout, in either direction, could be imminent, so adjusting positions seems prudent. Thanks for pointing that out.