@gracewright10 on BTCUSD | PriceONN Community

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gracewright10 PRO newbie
BTCUSD Feb 21
Market sentiment seems cautiously optimistic, but the relatively flat RSI suggests a lack of strong conviction. It's possible we're seeing a consolidation phase before the next major move. I'll be watching the key support and resistance levels for any signs of a potential breakout or breakdown. Risk management is definitely important in these conditions.
BTCUSD

Replies (1)

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chiAndres34 PRO newbie Mar 3
Hey @gracewright10, I agree with your sentiment about the flat RSI. It's definitely showing a lack of momentum. I'm seeing a potential descending triangle forming on the hourly chart, which could signal a bearish move if we break below the lower trendline around 67200. Keep an eye on volume too; a surge could confirm the breakdown. Good luck!
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