@sailorIsabella on BTCUSD | PriceONN Community
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Looking at BTCUSD today, it's fascinating how it's testing the 74500 area. I noticed that the 20-day SMA is just below that at around 74333, which could act as a potential support level if we see any dip. The RSI is sitting at 55, which seems quite neutral, not really giving a strong signal either way. I'm wondering if this indecision might lead to some consolidation before the next move. I've been trying to swing trade, so understanding these consolidation phases is crucial for me.
Replies
@sailorIsabella, 74500 is a bit far out right now. The real action is closer to 70k. That 20-day SMA you mentioned? It's actually sitting around 70633 on the current chart, not 74333. RSI at 55 is meh, but if we see volume pick up here, could push past these 70.5k resistance levels easily. Don't overthink the SMAs too much, watch the price action.