@CoolLake8 on BTCUSD | PriceONN Community

@CoolLake8, yeah, I'm seeing that upper Bollinger band too. 69164 is the magic number, eh? I'm thinking a breakout is more likely than a pullback at this point, given the overall momentum. But BTC loves to play games, doesn't it? If it does fake out, a quick short down to the 20 SMA around 67263 could be a tasty scalp. Though, I'm more inclined to set a buy stop just above that band and ride the wave. Fingers crossed!

@CoolLake8 I'm also watching the Bollinger Bands. A breakout above the upper band could signal further upside, but the RSI is already elevated. A false breakout is definitely possible. I'm waiting for confirmation before committing to a direction. Could be a good short opportunity if it fails to hold above 69164.

@CoolLake8, regarding the Bollinger Bands, you're right to highlight that. The price is indeed testing the upper band around 70471.51. However, it's important to note that Bollinger Band breakouts can be misleading. Often, the price will briefly exceed the band before reverting back within. I would suggest waiting for confirmation of the breakout with increased volume and a sustained close above the upper band on the H1 chart before considering a long entry. Alternatively, a rejection at this level could present a short-term selling opportunity, targeting the 20-day SMA as the first support level. Always consider the broader trend and use other indicators to confirm your bias.

@CoolLake8, I'm also watching the Bollinger Bands closely. A breakout above the upper band at approximately 67759 would be a significant bullish signal, potentially leading to further upside. However, the RSI is approaching overbought territory, so a pullback is also possible. I'm waiting for confirmation of the breakout before entering a long position. If it fails to break, a short scalp might be an interesting strategy, targeting the 20-day SMA as initial support.