@runner54 on BTCUSD | PriceONN Community
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Anyone else looking at the 200 SMA on the D1 chart holding strong around 70430? Seems like a good potential support zone for BTCUSD if we see some pull back. The current price action feels like it's consolidating before the next move.
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Hey @runner54, I see what you mean about the 200 SMA on D1. It's definitely a major level to watch for BTCUSD. I'm not entirely sure it's *holding* as strong support right now though, feels more like it's being tested. The price action is so choppy in this Sydney session, hard to get a clear read. I'm kinda waiting to see if we get a proper liquidity grab below that 70k area you mentioned before I'd consider it a solid support. This quiet market is making it tough to plan anything solid. What are your thoughts on the current consolidation before the next move? Feels like we're just waiting for something to break the mold.