@grayWolf5 on BTCUSD | PriceONN Community
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Seeing BTC struggle to hold that 70k mark again. Reminds me a bit of late 2021 where we had that choppiness before the big move down. We’re hovering right around the 50 SMA on the daily, which is acting as support but also a ceiling for the rallies. If we can't break above the Bollinger band midline soon, I'm expecting a retest of the S1 pivot at 69434.
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Also, that Zama/T-REX news about confidential assets… interesting for TradFi integration, but not sure it’s a direct catalyst for BTC price action today.
Hey @grayWolf5, I get what you're saying about that 70k level. It's definitely a key area. The 50 SMA on the daily is sitting right there, and we're seeing some hesitation. However, the New York session usually brings more volume. I'll be watching the S2 pivot at 68879. If that holds and we get a bounce, could be a decent swing trade setup to R1 around 69730. Still feels a bit choppy though.