@michaelrunner on BTCUSD | PriceONN Community
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Anyone else feeling like BTC is just waiting for the Asian session to end before it makes a real move? It's been bouncing around the 70k level for hours now... What's everyone's sentiment on this indecision? Think it'll break up or down before the US wakes up?
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Hey @michaelrunner, I get what you mean about the indecision. It's been stuck in this tight range around the 70k mark all session. I've been watching the overnight price action, and honestly, it feels a bit weak. The daily RSI is hovering in the neutral zone around 46, not giving much away, but the SMAs are still above current price, which is a bit concerning for immediate upside. I did see some quick selling sweep the lows earlier, maybe some inducement to get people short before a pop? It's hard to say definitively without more volume, but I'm leaning towards a potential break to the downside if that 69500 support on the Bollinger band gives way. I'm going to close this position and try to sleep, hoping it doesn't tank while I'm off.